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Required information (The following information applies to the questions displayed below.) Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $674,000 for purposes of
Required information (The following information applies to the questions displayed below.) Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $674,000 for purposes of computing the $179 expense. The company acquired the following assets during 2020: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Asset Machinery Computer equipment Furniture Total Placed in Service Basis September 12 $2,273,000 February 10 266,900 April 2 885, 100 $3,425,000 b. What is the maximum total depreciation, including $179 expense, that TDW may deduct in 2020 on the assets it placed in service in 2020, assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum total depreciation deduction (including $179 expense)
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