- Month 10 Month 11 Month 12 0 661 0 397 3 175 3 175 3 175 3 175 0 132 3 175 3 175 3 175 3 175 3 175 3 174 3 175 3 174 1 (88.33 KiB) Viewed 44 times
TABLE 3 Residential Rental Property Mid-Month Convention Straight Line—27.5 Years Month 1 Month S Month 9 Month 3 2.879% Month 4 2.576% 3.485% 1.364% Month 2 3.182% 3.636 3.637 Month Property Placed in Service Month 5 Month 6 Month 7 2.273% 1.970% 1.667% 3.636 3.636 3.636 3.637 3.637 3.636 1.061% 3.636 3.636 3.636 Year 1 Year 2-9 Year 10 Year 11 3.636 3.636 3.637 3.637 3.637 3.636 Month 10 Month 11 Month 12 0.758% 0.455% 0.152% 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.636 3.636 3.636 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.636 3.637 3.637 Year 12 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 Year 13 Year 14 3.636 3.637 3.636 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 Year 15 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.637 Year 16 3.637 3.637 3.637 3.637 3.636 3.637 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 17 Year 18 Year 19 3.636 3.637 3.636 3.636 3.637 3.636 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.637 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.636 3.637 3.637 3.637 3.637 Year 20 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.636 3.637 3.637 3.636 3.637 3.637 3.636 3.637 3.636 Year 21 Year 22 Year 23 Year 24 Year 25 3.637 3.636 3.637 3.636 3.636 3.636 3.637 3.636 3.637 3.637 3.636 3.637 3.636 3.637 3.636 3.636 3.637 3.637 3.636 3.637 3.636 3.637 3.637 3.636 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.636 3.637 3.637 3.636 3.637 3.636 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 26 Year 27 Year 28 Year 29 3.636 3.485 1.97 2.273 2.576 2.879 3.182 3.636 3.636 3.636 3.636 3.636 3.636 1.061 0.152 0.455 0.758 1.364 1.667
Table 1 MACRS Half-Year Convention 20-Year 3.750% 7.219 6.677 6.177 5.713 5.285 Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year 33.33% 20.00% 14.29% 10.00% 5.00% 44.45 32.00 24.49 18.00 9.50 14.81 19.20 17.49 14.40 8.55 7.41 11.52 12.49 11.52 7.70 11.52 8.93 9.22 6.93 5.76 8.92 7.37 6.23 8.93 6.55 5.90 4.46 6.55 5.90 6.56 5.91 6.55 5.90 3.28 5.91 5.90 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 4.888 4.522 4.462 4.461 4.462 5.91 5.90 4.461 4.462 4.461 4.462 4.461 5.91 2.95 4.462 4.461 4.462 4.461 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 quarter 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 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 Year 8 7.64
Required information (The following information applies to the questions displayed below.) Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $656,000 for purposes of computing the $179 expense. The company acquired the following assets during 2021: (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 $ 2,270,750 263,975 881,275 $ 3,416,000 $ a. What is the maximum amount of $179 expense TDW may deduct for 2021? Maximum $179 expense deductible