not 1175969

not 1175968

Problem 10-60 (LO 10-2, LO 10-3) (Algo) Assume that ACW Corporation has 2021 taxable income of $1,860,000 for purposes of computing the 179 expense. The company acquired the following assets during 2021 (assume no bonus depreciation (Use MACRS Table 1 Table 2 and table 5) Machinery Computer Delivery truck Qualified proven property Total Placed in Service 12-Sep 10-Feb 21- 02-Apr 5 500.000 100,000 129.000 1. 316.000 1. 2. 167.000 o. What is the maximum amount of 5179 expense ACW may deduct for 2021 b. What is the maximum total depreciation that ACW may deduct in 2021 on the assets it placed in service in 2021? (Round your intermediate calculations and final answer to the nearest whole dollar amount) Answer is complete but not entirely correct. Maximum $179 expense for 2021 5 1,050,000 b. Maximum total deductible depreciation for 2021 $ 1.175.970