
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![Required information
[The following information applies to the questions displayed below]
Assume that TDW Corporation (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: (Use MACRS Table 1. Table 2. Table 3. Table 4.
and Table 5)
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
b. What is the maximum total depreciation, including 5179 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)
$
128,352](https://content.bartleby.com/qna-images/question/78a71c06-b101-405f-9f1c-5d16a9da7417/354da695-11cf-4bdf-a6b9-f41204683379/ww3t6zb_thumbnail.jpeg)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below]
Assume that TDW Corporation (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: (Use MACRS Table 1. Table 2. Table 3. Table 4.
and Table 5)
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
b. What is the maximum total depreciation, including 5179 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)
$
128,352
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