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Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $700,000 for purposes of...

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Accounting

Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $700,000 for purposes of computing the 179 expense. The company acquired the following assets during 2022: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

a. What is the maximum amount of 179 expense TDW may deduct for 2022?

b. What is the maximum total depreciation, including 179 expense, that TDW may deduct in 2022 on the assets it placed in service in 2022, assuming no bonus depreciation?

Asset Placed in Service Basis
Machinery September 12 $ 2,276,250
Computer equipment February 10 271,125
Furniture April 2 890,625
Total $ 3,438,000

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