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Required information (The following information applies to the questions displayed below.) Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $680,000 for purposes
Required information (The following information applies to the questions displayed below.) Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $680,000 for purposes of computing the $179 expense. The company acquired the following assets during 2021: (Use MACRS Table 1. Table 2. Table 3, Table 4 and Table 5.) Asset Machinery Computer equipment Furniture Total Placed in Service September 12 February 10 April 2 Basis $ 2,273,750 267,875 886,375 $ 3,428,000 a. What is the maximum amount of $179 expense TDW may deduct for 2021? Maximum $179 expense deductible
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