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Assume that ACW Corporation has 2022 taxable income of $1,640,000 for purposes of computing the $179 expense. The company acquired the following assets during
Assume that ACW Corporation has 2022 taxable income of $1,640,000 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 Machinery 12-September Basis: $ 484,000 Computer equipment Delivery truck 10-February 21-August Qualified real property (MACRS, 15 year, 1508 DB) 2-April Total 84,000 107,000 1,394,000 $ 2,069,000 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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