Assume TDW Corporation's (calendar year end) has 2017 taxable income of $650,000 for purposes of computing the

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Assume TDW Corporation's (calendar year end) has 2017 taxable income of $650,000 for purposes of computing the §179 expense. The company acquired the following assets during 2017:

Assume TDW Corporation's (calendar year end) has 2017taxable income of

a) What is the maximum amount of §179 expense TDW may deduct for 2017?
b) What is the maximum total depreciation expense, including §179 expense, that TDW may deduct in 2017 on the assets it placed in service in 2017 assuming no bonus depreciation?

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Essentials Of Federal Taxation 2018

ISBN: 9781260007640

9th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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