Assume that ACW Corporation has 2019 taxable income of $1,600,000 for purposes of computing the 179 expense. The company acquired the following assets during 2019 (assume no bonus depreciation): (Use MACRS Table 1, Table 2, and Table 5).

Asset	Placed in Service	Basis
Machinery	12-Sep	$	480,000
Computer equipment	10-Feb		80,000
Delivery truck	21-Aug		103,000
Qualified improvement property	2-Apr		1,390,000
Total		$	2,053,000

1. What is the maximum amount of 179 expense ACW may deduct for 2019?
2. What is the maximum total depreciation that ACW may deduct in 2019 on the assets it placed in service in 2019?