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Assume that ACW Corporation has 2023 taxable income of $1,500,000 for purposes of computing the 179 expense. The company acquired the following assets during 2023

Assume that ACW Corporation has 2023 taxable income of $1,500,000 for purposes of computing the 179 expense. The company acquired the following assets during 2023 (assume no bonus depreciation): (Use MACRS Table 1, Table 2, and Table 5.) Asset Placed in Service Basis Machinery September 12 $ 470,000 Computer equipment February 10 70,000 Delivery truck August 21 93,000 Qualified real property (MACRS, 15 year, 150% DB) April 2 1,380,000 Total $ 2,013,000 What is the maximum amount of 179 expense ACW may deduct for 2023? What is the maximum total depreciation that ACW may deduct in 2023 on the assets it placed in service in 2023

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