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McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068 Exercise 59
[LO 2, LO 3] Assume that TDW Corporation (calendar year end) has 2011 taxable income of $650,000 before the §179 expense (assume no bonus depreciation), acquired the following assets during 2011: ![[LO 2, LO 3] Assume that TDW Corporation (calendar year end) has 2011 taxable income of $650,000 before the §179 expense (assume no bonus depreciation), acquired the following assets during 2011: a) What is the maximum amount of §179 expense TDW may deduct for 2011? b) What is the maximum total depreciation expense, including §179 expense, that TDW may deduct in 2011 on the assets it placed in service in 2011?](https://storage.examlex.com/SM1976/11eb5db6_2c01_84d1_b078_15dea5feab53_SM1976_00.jpg)
a) What is the maximum amount of §179 expense TDW may deduct for 2011?
b) What is the maximum total depreciation expense, including §179 expense, that TDW may deduct in 2011 on the assets it placed in service in 2011?
a) What is the maximum amount of §179 expense TDW may deduct for 2011?b) What is the maximum total depreciation expense, including §179 expense, that TDW may deduct in 2011 on the assets it placed in service in 2011?
Explanation
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Depreciation (MACRS rules)Depreciation m...
McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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