QUESTION 9 Assume that ACW Corporation has 2020 taxable income of $1,075,000 before the 5179 expense, acquired the following assets during 2020 (asture no bonus depreciation) Basis Asset Machinery Computer equipment Delivery truck Qualified leasehold Improvements Total Placed in Service September 12 February 10 August 21 $483,000 70,000 93,000 April 2 1,380,000 $2,026,000 What is the maximum amount of 5179 expense ACW may deduct for 2020? QUESTION 10 Chaz Corporation has taxable income in 2020 of $312,000 for purposes of computing the 5179 expense and acquired the following assets during the year: Basis Asset Office furniture Computer equipment Delivery truck Qualified improvement property Total Placed in Service September 12 February 10 August 21 September 30 $780,000 930,000 68,000 1.520.000 $3.298,000 What is the maximum total depreciation that Chaz may deduct in 2020? QUESTION 11 Acorn Construction (calendar_year end C corporation) has had rapid expansion during the last half of the current year due to the housing market's recovery. The company has $5,000,000 of taxable income before the cost recovery deduction and would like to maximize its cost recovery deduction for the current year. Acom provided the following information: Basis Assets New Equipment and Tools Used Ught Duty Trucks Used Machinery Total Placed in Service August 20 October 17 November 6 $1,650,000 1.500,000 525.000 $3,675,000 The used assets had been contributed to the business by its owner in a nontaxable transaction. What is Acorn's maximum cost recovery expense in the current year