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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 (asume no bonus depreciation)
Machinery, 9/12 $470,000
Computer equipment, 2/10 $70,000
Delivery truck, 8/21 $93,000
Qualifies real property (macrs, 15 year, 150% DB), 4/2 $1,380,000
Total $ 2,013,000
What is the maximum 179 expense for 2023
What total deductible depreciation for 2023
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