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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 $650,000 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 $650,000 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 $2,270,000 Computer equipment February 10 263,000 Furniture April 2 880,000 Total $3,413,000 a. What is the maximum amount of $179 expense TDW may deduct for 2019? Maximum $179 expense deductible
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