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What is the maximum total depreciation

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Question - Assume that TDW Corporation (calendar-year-end) has 2019 taxable income of $650,000 for purposes of computing the §179 expense. The company acquired the following assets during 2019:

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

Required -

1. What is the maximum amount of §179 expense TDW may deduct for 2019?

2. What is the maximum total depreciation, including §179 expense, that TDW may deduct in 2019 on the assets it placed in service in 2019, assuming no bonus depreciation?

Reference no: EM132640728

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