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Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $650,000 for purposes of computing...

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Accounting

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Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $650,000 for purposes of computing the $179 expense. The company acquired the following assets during 2020: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) Asset Machinery Computer equipment Furniture Total Placed in Service September 12 February 10 April 2 Basis $2,270,000 263,000 880,000 $3,413,000 b. What is the maximum total depreciation, including S179 expense, that TDW may deduct in 2020 on the assets it placed in service in 2020, assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum total depreciation deduction (including 5179 expense)

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