Assume that ACW Corporation has 2022 taxable income of $1,860,000 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 Machinery Computer equipment Placed in Service 12-September Basis $ 506,000 10-February 106,000 1 Delivery truck 21-August Qualified real property (MACRS, 15 year, 150% D0) 2-April Total 129,000 1,416,000 $ 2,157,000 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. 4 Answer is complete but not entirely correct. a. Maximum $179 expense for 2022 $ 1,050,000 b Maximum total deductible depreciation for 2022 S 1,175,969 Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 3.750% Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 14.40 8.55 6.677 Year 4 7.41 11.52 12.49 11.52 7.70 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 8.92 7.37 6.23 5.285 Year 7 8.93 6.55 5.90 4.888 Year S 4.46 6.55 5.90 4.522 Year 9 6.56 5.91 4.462 Year 10 6.55 5.90 4.461 Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 5.91 4.462 Year 14 5.90 4.461 Year 15 5.91 4.462 Year 16 2.95 4.461 Year 17 4.462 Year 18 Year 19 4.461 Year 20 4.462 Year 21 4.461 2.231 TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 8.75 Year 6 1.38 8.74 Year 7 8.75 1.09 Year 8 TABLE 26 MACRS Mid-Quarter Convention: For property placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 8.87 3.34 Year 8 TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 15.00% 10.71% Year 2 34.00 25.51 Year 3 20.40 18.22 Year 4 12.24 13.02 Year 5 11.30 9.30 Year 6 7.06 8.85 Year 7 8.86 Year S 5.53 TABLE 2d MACRS-Mid Quarter Convention: For property placed ilservice during the fourth quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 5.00% 3.57% Year 2 38.00 27.55 Year 3 22.80 19.68 Year 4 13.68 14.06 Year 5 10.94 10.04 Year 6 9.58 8.73 Year 7 8.73 Year S 7.64 TABLE 5 Nolential Real Property Mid Menth Convention Straight Line-39 Years (for assets placed in service on or after May 13, 1993) Meath Property Placed in Service Meath 1 Month 21 Meath 3 Meath 4 Mouth 5 Mouth 6 Month Month S Month 9 Month 101 Month 11 Month 12 Year 11 2461% 2.247% 2033% 1600% 13015 11779 0963% 0749% 0535% 0321% Year 2-39 2564 2364 2364 2564 2564 2.564 2564 2.564 2364 2564 2564 2564 Year 40 0.107 0321 0535 0.349 096) 1177 1.391 1.605 1819 2013 2247 2461