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Assume that ACW Corporation has 2022 taxable income of $1,520,000 for purposes of computing the 179 expense. The company acquired the following assets during 2022
Assume that ACW Corporation has 2022 taxable income of $1,520,000 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 anc 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. Assume that ACW Corporation has 2022 taxable income of $1,520,000 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 anc 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
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