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Assume that ACW Corporation has 2019 taxable income of $1,620,000 for purposes of computing the 179 expense. The company acquired the following assets during 2019

Assume that ACW Corporation has 2019 taxable income of $1,620,000 for purposes of computing the 179 expense. The company acquired the following assets during 2019 (assume no bonus depreciation): (Use MACRSTable 1,Table 2, andTable 5).

AssetPlaced in ServiceBasisMachinery12-Sep$482,000Computer equipment10-Feb82,000Delivery truck21-Aug105,000Qualified improvement property2-Apr1,392,000Total$2,061,000

  1. What is the maximum amount of 179 expense ACW may deduct for 2019?
  2. What is the maximumtotaldepreciation that ACW may deduct in 2019 on the assets it placed in service in 2019?(Round your intermediate computations to the nearest whole dollar amount.)

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