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Required information The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar-year-end) has 2018 taxable income of $696,000 for purposes of
Required information The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar-year-end) has 2018 taxable income of $696,000 for purposes of computing the $179 expense. The company acquired the following assets during 2018: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) Placed in Asset Service Basis Machinery Computer equipment Furniture Total September 12 $ 2,275,750 270,475 889,775 $ 3,436,000 February 10 April 2 a. What is the maximum amount of $179 expense TDW may deduct for 2018? Maximum $179 expense deductible b. what is the maximum total depreciation, including 179 expense. that TDW may deduct in 2018 on the assets it pacedn senice in 2018 assuming no bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.) Maximum total depreciation deduction (including 179 expense)
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