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! Required information Problem 10-57 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below.] Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $688,000 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 Basis September 12 $2,274,750 February 10 269, 175 April 2 888, 075 $3,432,000 Problem 10-57 Part a (Algo) a. What is the maximum amount of $179 expense TDW may deduct for 2020? Maximum $179 expense deductible X This is a numeric cell, so Required information Problem 10-67 (LO 10-3) (Algo) [The following information applies to the questions displayed below.) Lina purchased a new car for use in her business during 2020. The auto was the only business asset she purchased during the year, and her business was extremely profitable. Calculate her maximum depreciation deductions (including $179 expense unless stated otherwise) for the automobile in 2020 and 2021 (Lina doesn't want to take bonus depreciation for 2020 or 2021) in the following alternative scenarios (assuming half-year convention for all): (Use MACRS Table 1, Table 2, and Exhibit 10-10.) Problem 10-67 Part c (Algo) c. The vehicle cost $80,000, and she used it 80 percent for business. Year Depreciation deduction 2020 2021

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