1. Assume that ACW Corporation has 2018 taxable income of $1,000,000 for purposes of computing the 179 expense. The company acquired the following assets during 2018(assumeno bonus depreciation):

AssetPlaced in ServiceBasis

MachinerySeptember 12 $470,000

Computer equipmentFebruary 1070,000

Delivery truckAugust 2193,000

Qualified improvement propertyApril 2 1,380,000

Total$2,013,000

• What is the maximum amount of 179 expense ACW maydeductfor 2018?
• What is the maximumtotaldepreciation that ACW may deduct in 2018 on the assets it placed in service in 2018?

Please provide a written tax memo research for this.