On November 16, 2018, Ace Company purchased manufacturing equipment (7-year property) for 2,400,000 and computers and duplication machines (5-year property) for 250,000. Ace elects not tot take bonus depreciation on these assets but wants to take Section 179 expensing and MACRS depreciation instead. These assets are the only asset purchases that Ace makes during all of 2018. Compute Aces Section 179 expense deduction and its MACRS depreciation deduction for these assets in 2018 assuming that any expensing is used first for the 7-year assets and that Aces taxable income for the year is 8,500,000.