Required information [The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar-year-end) has 2018 taxable income of $650,000 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.) Asset Machinery Computer equipment Furniture Total Placed in Service Basis September 12 $ 2,270,000 February 10 April 2 263,000 880,000 $ 3,413,000
Required information [The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar-year-end) has 2018 taxable income of $650,000 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.) Asset Machinery Computer equipment Furniture Total Placed in Service Basis September 12 $ 2,270,000 February 10 April 2 263,000 880,000 $ 3,413,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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munabhai
![Required information
[The following information applies to the questions displayed below.]
Assume that TDW Corporation (calendar-year-end) has 2018 taxable income of $650,000 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.)
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 §179 expense, that TDW may deduct in 2018 on the assets it placed in service in
2018 assuming no bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)
Maximum total depreciation deduction (including §179 expense)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6076b532-57af-49c9-b073-a6bed4f8e195%2Ffbd2c7e4-42d9-4605-ae34-80eb192ff5e7%2Fu9atwyk_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Assume that TDW Corporation (calendar-year-end) has 2018 taxable income of $650,000 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.)
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 §179 expense, that TDW may deduct in 2018 on the assets it placed in service in
2018 assuming no bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)
Maximum total depreciation deduction (including §179 expense)
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