Required information

Skip to question

[The following information applies to the questions displayed below.]

Assume that TDW Corporation (calendar-year-end) has 2023 taxable income of $650,000 for purposes of computing the 179 expense. The company acquired the following assets during 2023: (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.)

Asset	Placed in Service	Basis
Machinery	September 12	$ 2,270,000
Computer equipment	February 10	263,000
Furniture	April 2	880,000
Total		$ 3,413,000

b. What is the maximum total depreciation, including 179 expense, that TDW may deduct in 2023 on the assets it placed in service in 2023, assuming no bonus depreciation?

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.