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Required information Skip to question [The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar-year- end ) has 2020 taxable income
Required information Skip to question [The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $650,000 for purposes of computing the 179 expense.The company acquired the following assets during 2020: (UseMACRSTable 1,Table 2,Table 3,Table 4andTable 5.) Placed in Asset Service Basis Machinery September 12 $ 2,270,000 Computer equipment February 10 263,000 Furniture April 2 880,000 Total $ 3,413,000 a.What is the maximum amount of 179 expense TDW may deduct for 2020?
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