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Assume that ACW Corporation has 2023 taxable income of $1,780,000 for purposes of computing the 179 expense. The company acquired the following assets during 2023

Assume that ACW Corporation has 2023 taxable income of $1,780,000 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 12-September $ 498,000
Computer equipment 10-February 98,000
Delivery truck 21-August 121,000
Qualified real property (MACRS, 15 year, 150% DB) 02-April 1,408,000
Total $ 2,125,000
  1. 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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