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Required information Problem 10.57 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below] Assume that TDW Corporation (calendar year-end) has

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Required information Problem 10.57 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below] Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $660,000 for purposes of computing the 5179 expense. The company acquired the following assets during 2022: (Use MACRS Iable 1, Inble 2. Tobie 3. Iable 4 and Iable 5.) Problem 10.57 Part a (Algo) a. What is the maximum amount of 5179 expense TOW may deduct for 2022? Required information Problem 10-57 (LO 10.2, LO 10-3) (Algo) [The following information applies to the questions displayod below] Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $660,000 for purposes of computing the 5179 expense. The company acquired the following assets duting 2022: (Use MACRS Iable 1. Iable 2. Iable 3. Iable 4 and Table 5 ) Problem 10.57 Part b (Algo) b. What is the maximum total depreciation. including 6179 expense, that TDW may deduct in 2022 on the assets it ploced in service in 2022, assuming no bones depreciation? Notes Pound your intermediate calculations and final answer to the nearest whole dollar amount. Table 1 MACRS Half-Year Convention TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter LE 3 Residential Rental Property Mid-Month Convention Straight Line-27_i Years TABLE. 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (for assets placed in service en or after May 13, 1993)

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