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 | | |
| Asset | Service | | Basis |
| Machinery | September 12 | $ | 2,270,750 |
| Computer equipment | February 10 | | 263,975 |
| Furniture | April 2 | | 881,275 |
| 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.)
