Assume that ACW Corporation has $2022$ taxable income of $$1,600,000$ for purposes of computing the $$179$ expense. The company

acquired the following assets during $2022($assume no bonus depreciation$)$: $($Use MACRS Table $1,$ Table $2$ and Table $5.)$

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.

a$.$ Maximum $179$ expense for $2022$

b$.$ Maximum total deductible depreciation for $2022$Assume that ACW Corporation has $2022$ taxable income of $$1,600,000$ 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 $12-$September $ $480,000$

Computer equipment $10-$February $80,000$

Delivery truck $21-$August $103,000$

Qualified real property $($MACRS$,15$ year, $150\%$ DB$)2-$April $1,390,000$

Total $ $2,053,000$

What is the maximum amount of $179$ expense ACW may deduct for $2022?$

What is the maximum total depreciation that ACW may deduct in $2022$ on the assets it placed in service in $2022?$