Assume that ACW Corporation has 2018 taxable income of $1,020,000 for purposes of computing the 179 expense. The company acquired the following assets during 2018 (assume no bonus depreciation): (Use MACRS Table 1, Table 2, and Table 5). Assume that the qualified improvement property has satisfied the conditions mentioned under Section 179(f)(2) Asset Placed in Service Basis Machinery Computer equipment Delivery truck Qualified improvement property Total 12-Sep 10-Feb 21-Aug 2-Apr $ 472,000 72,800 95,000 1,382,000 $2,021,000 a. What is the maximum amount of S179 expense ACW may deduct for 2018? b. What is the maximum total depreciation that ACW may deduct in 2018 on the assets it placed in service in 2018? (Round your intermediate computations to the nearest whole dollar amount.) a. $179 expense for 2018 b.otal deductible depreciation for 2018 TABLE 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year 33.33% 44.45 14.81 7.41 20.00% 32.00 19.20 11.52 11.52 5.76 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 10.00% 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 5.00% 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 3.750 % 7.219 6.677 2 3 4 5 6 7 8 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 10 12 13 16 20 TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period Year 7-Year 25.00% 21.43 5.3 10.93 8.75 874 8.75 1.09 15.60 1749 11.0 1.38 ABLE 2b MACRS Mid-Quarter Convention: For property Depreciation Rate for Recovery Period 18.00 11.37 1.37 4.26 17.85% 23.47 6.76 11.97 8.87 8.87 8.87 ABLE 2c MACRS Mid-Quarter Convention: For property Depreciation Rate for Recovery Period 7-Year 10.71% 25.51 18.22 Year 20.40 12.24 30 5.53 TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter Depreciation Rate for Recovery Period Year 7-Year % 3.57% 27.55 9.68 4.06 10.04 873 87 7.64 22.80 13.68 9.58