Assume TDW Corporation’s (calendar-year-end) has 2023 taxable income of $650,000 for purposes of computing the §179 expense. The company acquired the following assets during 2023:

1. What is the maximum amount of §179 expense TDW may deduct for 2023?
2. What is the maximum total depreciation, including §179 expense, that TDW may deduct in 2023 on the assets it placed in service in 2023, assuming no bonus depreciation?

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Asset Machinery Computer equipment Furniture Total Placed in Service September 12 February 10 April 2 Basis $2,270,000 263,000 880,000 $3,413,000