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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 $650,000 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 $650,000 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 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 2018?

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