Explain the maximum Section 179 expense and maximum deductible depreciation using support from current tax guidelines.

Assume that ACW Corporation has 2022 taxable income of $1,500,000 for purposes of computing the 179 expense. The company acquired the following assets during 2022 (assume no bonus depreciation):

assets	placed in service	basis
machinery	12-Sep	470,000
computer equipment	10-Feb	70,000
delivery truck	21-Aug	93,000
qualified real property (MACRS, 15year, 150%DB)	2-Apr	1,380,000
total		2,013,000