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6 Check my work Assume that ACW Corporation has 2021 taxable income of $1,820,000 for purposes of computing the 5179 expense. The company acquired the
6 Check my work Assume that ACW Corporation has 2021 taxable income of $1,820,000 for purposes of computing the 5179 expense. The company acquired the following assets during 2021 (assume no bonus depreciation): (Use MACRS Table 1, Table 2 and Table 5.) Asset 881 ints Placed in Service Machinery 12-Sep Computer equipment 10-Feb Delivery truck 21-Aug Qualified improvement property 02-Apr eBook Total Print References) Basis $ 502,000 102,000 125,000 1,412,000 $ 2,141,000 a. What is the maximum amount of 5179 expense ACW may deduct for 2021? b. What is the maximum total depreciation that ACW may deduct in 2021 on the assets it placed in service in 2021 (Round your intermediate calculations and final answer to the nearest whole dollar amount.) a. Maximum 5179 expense for 2021 b. Maximum total deductible depreciation for 2021
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