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  3. 2. assume that tdw corporation has 2024taxable inc

2. Assume that TDW Corporation has 2024taxable income of $300,000 before deducting the 179 expense....

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Accounting

2. Assume that TDW Corporation has 2024taxable income of $300,000 before deducting the 179 expense. The company acquired the following assets during 2024:
a) What is the maximum amount of 179 expense TDW may deduct for 2024?
b) What is the maximum total depreciation, including 179 expense, that TDW may deduct in 2024 on the assets it placed in service in 2024, assuming no bonus depreciation?

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