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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 $682,000 for purposes
Required information [The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $682,000 for purposes of computing the $179 expense. The company acquired the following assets during 2022: (Use MACRS Table 1, Table 2, Table 3 , Table 4 and Table 5.) 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. Table 1 MACRS Half-Year Convention TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-27.5 Years TABLE 4 Nonresidential Real Property Mid-Month Convention Straight Line- 31.5 Years (for assets placed in service before May 13 , 1993 )
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