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Assume that ACW Corporation has 2022 taxable income of $1,580,000 for purposes of computing the 179 expense. The company acquired the following assets during 2022

Assume that ACW Corporation has 2022 taxable income of $1,580,000 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.)

Asset Placed in Service Basis
Machinery 12-September $ 478,000
Computer equipment 10-February 78,000
Delivery truck 21-August 101,000
Qualified real property (MACRS, 15 year, 150% DB) 2-April 1,388,000
Total $ 2,045,000

What is the maximum amount of 179 expense ACW may deduct for 2022?

What is the maximum total depreciation that ACW may deduct in 2022 on the assets it placed in service in 2022?

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