Assume that ACW Corporation has 2023 taxable income of $1,960,000 for purposes of computing the $179 expense. The company acquired the following assets during 2023 (assume no bonus depreciation): (Use MACRS Iable 1, Iable 2, and Table 5.) a. What is the maximum amount of $179 expense ACW may deduct for 2023 ? b. What is the maximum total depreciation that ACW may deduct in 2023 on the assets it placed in service in 2023 ? Note: Round your intermediate calculotions and final answer to the nearest whole dollar anount. Table 1 MACRS Half-Year Convention TABLE 2a MACRS Mid Quarter Convention: For property placed in service during the first arter \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Depreciation Rate for Recovery Period } \\ \hline & 5-Year & 7-Year \\ \hline Year 1 & 35.00% & 25.00% \\ \hline Year 2 & 26.00 & 21.43 \\ \hline Year 3 & 15.60 & 15.31 \\ \hline Year 4 & 11.01 & 10.93 \\ \hline Year 5 & 11.01 & 8.75 \\ \hline Year 6 & 1.38 & 8.74 \\ \hline Year 7 & & 8.75 \\ \hline Year 8 & & 1.09 \\ \hline \end{tabular} TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quar \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Depreciation Rate for Recovery Period } \\ \hline & 5-Year & 7-Year \\ \hline Year 1 & 25.00% & 17.85% \\ \hline Year 2 & 30.00 & 23.47 \\ \hline Year 3 & 18.00 & 16.76 \\ \hline Year 4 & 11.37 & 11.97 \\ \hline Year 5 & 11.37 & 8.87 \\ \hline Year 6 & 4.26 & 8.87 \\ \hline Year 7 & & 8.87 \\ \hline Year 8 & & 3.34 \\ \hline \end{tabular} TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Depreciation Rate for Recovery Period } \\ \hline & 5-Year & 7-Year \\ \hline Year 1 & 15.00% & 10.71% \\ \hline Year 2 & 34.00 & 25.51 \\ \hline Year 3 & 20.40 & 18.22 \\ \hline Year 4 & 12.24 & 13.02 \\ \hline Year 5 & 11.30 & 9.30 \\ \hline Year 6 & 7.06 & 8.85 \\ \hline Year 7 & & 8.86 \\ \hline Year 8 & & 5.53 \\ \hline \end{tabular} TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Depreciation Rate for Recovery Period } \\ \hline & 5-Year & 7-Year \\ \hline Year 1 & 5.00% & 3.57% \\ \hline Year 2 & 38.00 & 27.55 \\ \hline Year 3 & 22.80 & 19.68 \\ \hline Year 4 & 13.68 & 14.06 \\ \hline Year 5 & 10.94 & 10.04 \\ \hline Year 6 & 9.58 & 8.73 \\ \hline Year 7 & & 8.73 \\ \hline Year 8 & & 7.64 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{ Month Preperty Places in Servir. } \\ \hline & Month 1 & Menth 2 & Mosth 3 & Menth 4 & Monsh 5 & Menth 6 & Month? & Manth 8 & Mouth 9 & Menth 10 & Month 11 & Seoth 12 \\ \hline Vear 1 & 2.4614 & 22424 & 203346 & 18195 & 1.605% & 13916 & 117% & 0963% & 0.7496 & 05396 & 0.321% & 0.197% \\ \hline Year 2-39 & 2.564 & 2564 & 2.564 & 2.564 & 2.564 & 2564 & 2564 & 2464 & 2564 & 2564 & 7.564 & 244 \\ \hline Year 40 & 0.107 & 0.321 & 0,535 & 0.740 & 0963 & 1177 & 1391 & 1.605 & 1.819 & 2.033 & 2.27 & 2461 \\ \hline \end{tabular}