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Assume that ACW Corporation has 2022 taxable income of $1,500,000 for purposes of computing the $179 expense. The company acquired the following assets during 2022

Assume that ACW Corporation has 2022 taxable income of $1,500,000 for purposes of computing the $179 expense. The company acquired the following assets during 2022 (assume no bonus depreciation): (Use MACRS Table 1, Table 2 and Table 5.) Machinery Placed in Service September 12 February 10 Computer equipment Delivery truck August 21 Qualified real property (MACRS, 15 year, April 2 150% DB) Total Asset Answer is complete but not entirely correct. $ 1,080,000 $ 1,213,736 Return to question Basis $ 470,000 70,000 93,000 1,380,000 $ 2,013,000 a. What is the maximum amount of 179 expense ACW may deduct for 2022? b. What is the maximum total depreciation that ACW may deduct in 2022 on the assets it placed in service in 2022? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. a. Maximum 179 expense for 2022 b. Maximum total deductible depreciation for 2022
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Assume that ACW Corporation has 2022 taxable income of $1,500,000 for purposes of computing the 5179 expense. The company acquired the following assets during 2022 (assume no bonus depreciation). (Use MACRS Table 1, Thble 2 and Table 5 ) a. What is the maximum amount of 5179 expense ACW may deduct for 2022 ? b. Whatis the maximum totat deprectatton that ACW may deduct in 2022 an the assets if placed in service in 2022 ? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount

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