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Required information [The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $698,000 for purposes

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Required information [The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $698,000 for purposes of computing the $179 expense. The company acquired the following assets during 2021: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) Placed in Asset Service Basis Machinery September 12 $ 2,276,000 Computer equipment February 10 270,800 Furniture April 2 890,200 Total $ 3,437,000 a. What is the maximum amount of 5179 expense TOW may deduct for 2021? Maximum 3170 expense deductible

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