Assume that TDW Corporation (calendar-year-end) has 2017 taxable income of $650,000 for purposes of computing...
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Accounting
Assume that TDW Corporation (calendar-year-end) has 2017 taxable income of $650,000 for purposes of computing the 179 expense and acquired the following assets during 2017: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)
| Placed in | |||
| Asset | Service | Basis | |
| Machinery | October 12 | $ | 1,270,000 |
| Computer equipment | February 10 | 263,000 | |
| Furniture | April 2 | 880,000 | |
| Total | $ | 2,413,000 | |
|
| |||
b. What is the maximum total depreciation expense, including 179 expense, that TDW may deduct in 2017 on the assets it placed in service in 2017 assuming no bonus depreciation? (Round your answer to the nearest whole dollar amount.)
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