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Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $656,000 for purposes of computing the...

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Accounting

Assume that TDW Corporation (calendar-year-end) has 2020 taxableincome of $656,000 for purposes of computing the §179 expense. Thecompany acquired the following assets during 2020: (Use MACRS Table1, Table 2, Table 3, Table 4 and Table 5.)

Placed in
AssetServiceBasis
MachinerySeptember 12$2,270,750
Computer equipmentFebruary 10263,975
FurnitureApril 2881,275
Total$3,416,000

a. What is the maximum amount of §179 expenseTDW may deduct for 2020?

b. What is the maximum total depreciation,including §179 expense, that TDW may deduct in 2020 on the assetsit placed in service in 2020, assuming no bonus depreciation?(Round your intermediate calculations and final answer tothe nearest whole dollar amount.)

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