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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
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 $680,000 for purposes of computing the $179 expense. The company acquired the following assets during 2022: (Use MACRS Table 1, Table 2. Table 3. Table 4 and Table 5.) Asset Machinery Computer equipment Furniture Total Placed in Service September 12 Basis $ 2,273,750 February 10. April 2 267,875) 886,375 $ 3,428,000 Problem 10-57 Part a (Algo) a. What is the maximum amount of $179 expense TDW may deduct for 2022? Maximum 5179 expense deductible 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 $680,000 for purposes of computing the $179 expense. The company acquired the following assets during 2022: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) Asset Machinery Computer equipment Placed in Service September 12 February 10 Basis $ 2,273,750 Furniture Total April 2 267,875 886,375 $ 3,428,000 Problem 10-57 Part b (Algo) b. What is the maximum total depreciation, including $179 expense, that TDW may deduct in 2022 on the assets it places in service in 2022, assuming no bonus depreciation? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Maximum total depreciation deduction (including $179 expense)
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