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17 Problem 2-60 (LO 2-2, LO 2-3) (Algo) 0.89 points Assume that ACW Corporation has 2022 taxable Income of $2,000,000 for purposes of computing

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17 Problem 2-60 (LO 2-2, LO 2-3) (Algo) 0.89 points Assume that ACW Corporation has 2022 taxable Income of $2,000,000 for purposes of computing the $179 expense. The company acquired the following assets during 2022 (assume no bonus depreciation): (Use MACRS Table 1. Table 2 and Table 5.) Asset Placed in Service Basis Machinery Computer equipment Delivery truck Qualified real property (MACRS, 15 year, 150% DB) 12-September $520,000 10-February 21-August 120,000 2-April Total 143,000 1,430,000 $ 2,213,000 a. What is the maximum amount of $179 expense ACW may deduct for 2022? b. What is the maximum total depreciation that ACW may deduct In 2022 on the assets it placed in service in 2022? Note: Round your Intermediate calculations and final answer to the nearest whole dollar amount. Answer is not complete. a. Maximum $179 expense for 2022 $ 1,080,000 b. Maximum total deductible depreciation for 2022

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