Question: Please include detailed explanations to help me understand your solution. Thanks Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $650,000 for purposes of

Please include detailed explanations to help me understand your solution. Thanks

Please include detailed explanations to help me
Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $650,000 for purposes of computing the $179 expense. The company acquired the following assets during 2020: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Placed in Asset Service Basis Machinery September 12 $ 2, 270,000 Computer equipment February 10 263, 000 Furniture April 2 880,000 Total $ 3, 413, 000 Problem 10-57 Part b (Static) b. What is the maximum total depreciation, including $179 expense, that TDW may deduct in 2020 on the assets it placed in service in 2020, assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) X Answer is complete but not entirely correct. Maximum total depreciation deduction (including $179 $ 810,593 X expense)

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