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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 $678,000 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 $678,000 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 Placed in Service September 12 February 10 April 2 Basis $ 2,273,500 267,550 885,950 $ 3,427,000 Total a. What is the maximum amount of $179 expense TDW may deduct for 2021? Maximum $179 expense deductible Required information (The following information applies to the questions displayed below.) Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $678,000 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 $ 2,273,500 267,550 885,950 $ 3,427,000 b. What is the maximum total depreciation, including $179 expense, that TDW may deduct in 2021 on the assets it placed in service in 2021, assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum total depreciation deduction (including $179 expense)
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