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Required information [The following information applies to the questions displayed below.) Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $694,000 for
Required information [The following information applies to the questions displayed below.) Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $694,000 for purposes of computing the $179 expense. The company acquired the following assets during 2022: (Use MACRS Table 1. Table 2. Table 3. Tble 4 and Table 5.) Placed in Asset Machinery Computer equipment Furniture. Total Service September 12 February 10 April 2 Basis $ 2,275,500 270,150 889,350 $3,435,000 b. What is the maximum total depreciation, including $179 expense, that TDW may deduct in 2022 on the assets it placed in service in 2022, assuming no bonus depreciation? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Maximum total depreciation deduction (including 5179 expense)
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