[The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $650,000 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 Service Placed in Basis September 12 $ 2,270,000 February 10 April 2 263,000 880,000 $ 3,413,000 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)
[The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $650,000 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 Service Placed in Basis September 12 $ 2,270,000 February 10 April 2 263,000 880,000 $ 3,413,000 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)
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 60P
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![[The following information applies to the questions displayed below.]
Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $650,000 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
Basis
September 12 $ 2,270,000
February 10
April 2
263,000
880,000
$ 3,413,000
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)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F01c01a81-cc4c-424e-b7be-6373ed9fd165%2Fe9d23797-ab10-451d-88a4-c089c1a7a521%2Ftcnrn3d_processed.png&w=3840&q=75)
Transcribed Image Text:[The following information applies to the questions displayed below.]
Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $650,000 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
Basis
September 12 $ 2,270,000
February 10
April 2
263,000
880,000
$ 3,413,000
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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