Assume that TDW Corporation (calendar-year-end) has 2023 taxable income of $682,000 for purposes of computing the...

 

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Assume that TDW Corporation (calendar-year-end) has 2023 taxable income of $682,000 for purposes of computing the $179 expense. The company acquired the following assets during 2023: (Use MACRS Table 1, Table 2. Table 3, Table 4, and Table 5) Asset Machinery Computer equipment Furniture Total Placed in Service September 12 Basis $ 2,274,000 February 10 April 2 268,200 886,800 $ 3,429,000 a. What is the maximum amount of $179 expense TDW may deduct for 2023? Answer is complete but not entirely correct. Maximum 179 expense deductible $ 809,000 Assume that TDW Corporation (calendar-year-end) has 2023 taxable income of $682,000 for purposes of computing the $179 expense. The company acquired the following assets during 2023: (Use MACRS Table 1, Table 2. Table 3, Table 4, and Table 5) Asset Machinery Computer equipment Furniture Total Placed in Service September 12 Basis $ 2,274,000 February 10 April 2 268,200 886,800 $ 3,429,000 a. What is the maximum amount of $179 expense TDW may deduct for 2023? Answer is complete but not entirely correct. Maximum 179 expense deductible $ 809,000