Niagara University What Is the Maximum Total Depreciation Accounting Question

I need answer b but I will send answer a because you will need it to get answer b
Assume that TDW Corporation (calendar-year-end) has 2019 taxable income of $650,000 for purposes of computing the §179 expense. The company acquired the following assets during 2019: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)
Placed in Asset Service Basis Machinery September 12 $ 2,270,000 Computer equipment February 10 263,000 Furniture April 2 880,000 Total $ 3,413,000
b. What is the maximum total depreciation, including §179 expense, that TDW may deduct in 2019 on the assets it placed in service in 2019, assuming no bonus depreciation?
Required information
(The following information applies to the questions displayed below.)
Assume that TDW Corporation (calendar-year-end) has 2019 taxable income of $650,000 for purposes of computing the
$179 expense. The company acquired the following assets during 2019, (Use MACRS Table 1. Table 2. Table 3. Table 4 and
Table 5.)
Placed in
Asset
Service
Basis
Machinery
September 12 $2,270,000
Computer equipment February 10 263,000
Furniture
April 2
880,000
Total
$3,413,000
a. What is the maximum amount of $179 expense TDW may deduct for 2019?
Maximum $179 expense deductible
$
157,000
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Required information
(The following information applies to the questions displayed below.)
Assume that TDW Corporation (calendar-year-end) has 2019 taxable income of $650,000 for purposes of computing the
$179 expense. The company acquired the following assets during
2019: (Use MACRS Table 1. Table 2. Table 3. Table 4 and
Table 5.)
Placed in
Asset
Service
Basis
Machinery
September 12 $2,270,000
Computer equipment February 10 263,000
Furniture
April 2 880,000
Total
$3,413,000
What is the maximum total depreciation, including $179 expense, that TDW may deduct in 2019 on the assets it placed in service in
019, assuming no bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)
Madmum total depreciation deduction (including 5179 expense)
Table 1 MACRS Half-Year Convention
Depreciation Rate for Recovery Period
3-Year 5-Year 7-Year 10-Year 15 Year
20-Year
Year 1
33.33%
20.00%
14.29%
10.00%
5.00%
3.750%
Year 2
44.45
32.00
24.49
18.00
9.50
7.219
Year 3
14.81
19.20
17.49
14.40
8.55
6.677
Year 4
7.41
11.52
12.49
11.52
7.70
6.177
Year 5
11.52
8.93
9.22
6.93
5.713
Year 6
5.76
8.92
7.37
6.23
5.285
Year 7
8.93
6.55
5.90
4.888
Years
4.46
6.55
5.90
4.522
Year 9
6.56
5.91
4.462
Year 10
6.55
5.90
4.461
Year 11
3.28
5.91
4.462
Year 12
5.90
4.461
Year 13
5.91
4.462
Year 14
5.90
4.461
Year 15
5.91
4.462
Year 16
2.95
4.461
Year 17
4.462
Year 18
4.461
Year 19
4.462
Year 20
4.461
Year 21
2.231
TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter
Depreciation Rate for Recovery Period
5-Year 7-Year
Year 1
35.00%
25.00%
Year 2
26.00
21.43
Year 3
15.60
15.31
Year 4
11.01
10.93
Year 5
11.01
8.75
Year 6
1.38
8.74
Year 7
8.75
Year 8
1.09
TABLE 26 MACRS Mid-Quarter Convention: For property placed in service during the second quar
Depreciation Rate for Recovery Period
5-Year
7-Year
Year 1
25.00%
17.85%
Year 2
30.00
23.47
Year 3
18.00
16.76
Year 4
11.37
11.97
Year 5
11.37
8.87
Year 6
4.26
8.87
Year 7
8.87
Year 8
3.34
TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter
TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter
Depreciation Rate for Recovery Period
5-Year 7-Year
Year 1 15.00% 10.71%
Year 2
34.00
25.51
Year 3
20.40
18.22
Year 4
12.24
13.02
Year 5
11.30
9.30
Year 6
7.06
8.85
Year 7
8.86
Year 8
5.53
TABLE 20 MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter
Depreciation Rate for Recovery Period
5-Year 7-Year
Year 1
5.00% 3.57%
Year 2
38.00
27.55
Year 3
22.80
19.68
Year 4
13.68
14.06
Year 5
10.94
10.04
Year 6
9.58
8.73
Year 7
8.73
Years
7.64

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