Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $672,000 for purposes of computing...

 

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Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $672,000 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 $ 2,272,750 266,575 884,675 $ 3,424,000 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) $ 2,452,485 Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $672,000 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 $ 2,272,750 266,575 884,675 $ 3,424,000 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) $ 2,452,485

Answer rating: 100% (QA)

Assets Amount 179 deduction Balance Life Rate Depreciation Machinery 22727... View the full answer