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Assume that ACW Corporation has 2017 taxable income of $1,000,000 for purposes of computing the 31/9 expense. The company acquired the following assets during 2017(assume

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Assume that ACW Corporation has 2017 taxable income of $1,000,000 for purposes of computing the 31/9 expense. The company acquired the following assets during 2017(assume no bonus depreciation): (Use MACRS Table 1, Table 2) Placed in Asset Service Basis Machinery Computer equipment Delivery truck Qualified leasehold improvements Total September 12 February 10 August 21 April 2 $ 470,000 70,000 93,000 380,000 $1,013,000 a. what is the maximum amount of5179 expense ACW may deduct for 2017? b. What is the maximum total depreciation expense that ACW may deduct in 2017 on the assets it placed in service in 2017? $ 510,000o a. |S179 expense for 2017 b. Total deductible depreciation for 2017

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