Question: Hey I am having trouble finding this answer any help would be HUGE Assume that TDW Corporation (calendar-year-end) has 2018 taxable income of $682,000 for
Hey I am having trouble finding this answer any help would be HUGE
Assume that TDW Corporation (calendar-year-end) has 2018 taxable income of $682,000 for purposes of computing the $179 expense. The company acquired the following assets during 2018: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Placed in Asset Service Basis Machinery Computer equipment Furniture Total September 12 $2,274,000 268,200 886,800 $3,429,000 February 10 April 2 What is the maximum amount of S179 expense TDW may deduct for 2018? Maximum $179 expense deductible 429,000
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