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Please check my second answer, I don't know where i made the mistake. Problem 10-60 (LO 10-2, LO 10-3) (Algo) Assume that ACW Corporation has
Please check my second answer, I don't know where i made the mistake.
Problem 10-60 (LO 10-2, LO 10-3) (Algo) Assume that ACW Corporation has 2021 taxable income of $1,660,000 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 a. What is the maximum amount of $179 expense ACW may deduct for 2021 ? b. What is the maximum tota/depreciation that ACW may deduct in 2021 on the assets it placed in service in 2021 ? (Round your Intermedlate calculations and final answer to the nearest whole dollar amount.)Step by Step Solution
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