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Required information [The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar-year-end) has 2019 taxable income of $672,000 for purposes of
Required information [The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar-year-end) has 2019 taxable income of $672,000 for purposes of computing the 179 expense. The company acquired the following assets during 2019: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Placed in Asset Service Basis Machinery September 12 $ 2,272,750 Computer equipment February 10 266,575 Furniture April 2 884,675 Total $ 3,424,000
a. What is the maximum amount of 179 expense TDW may deduct for 2019?
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