Question
[The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $650,000 for purposes of computing
[The following information applies to the questions displayed below.]
Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $650,000 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.)
Asset | Placed in Service | Basis |
---|---|---|
Machinery | September 12 | $ 2,270,000 |
Computer equipment | February 10 | 263,000 |
Furniture | April 2 | 880,000 |
Total | $ 3,413,000 |
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.
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