Assume that TDW Corporation (calendar-year-end) has 2018 taxable income of $674,000 for purposes of computing...
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Accounting
Assume that TDW Corporation (calendar-year-end) has 2018 taxable income of $674,000 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.)
Placed in
Asset
Service
Basis
Machinery
September 12
$
2,273,000
Computer equipment
February 10
266,900
Furniture
April 2
885,100
Total
$
3,425,000
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.)
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