[The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar-year-end) has...
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[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
Placed in Service
Basis
Machinery
September 12
$ 2,270,000
Computer equipment
February 10
263,000
Furniture
April 2
880,000
Total
$ 3,413,000
b. What is the maximum total depreciation, including 179 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.
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