Asset Machinery Computer equipment Furniture Total Placed in Service September 12 Basis $ 2,274,000 268,200 886,800 February 10 April 2 $ 3,429,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Problem 10-57 (LO 10-2, LO 10-3) (Algo)
[The following information applies to the questions displayed below.]
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
Placed in
Service
September 12
Basis
$ 2,274,000
Computer equipment
Furniture
February 10
April 2
268,200
886,800
Total
$ 3,429,000
Problem 10-57 Part b (Algo)
b. 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?
Note: Round your intermediate calculations and final answer to the nearest whole
dollar amount.
Maximum total depreciation deduction (including §179 expense)
Transcribed Image Text:! Required information Problem 10-57 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below.] 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 Placed in Service September 12 Basis $ 2,274,000 Computer equipment Furniture February 10 April 2 268,200 886,800 Total $ 3,429,000 Problem 10-57 Part b (Algo) b. 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? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Maximum total depreciation deduction (including §179 expense)
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