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Reid acquired two assets in 2 0 2 3 : on August 6 thAugust 6 th , he acquired computer equipment ( five - year

Reid acquired two assets in 2023: on August 6thAugust 6th, he acquired computer equipment (five-year property) with a basis of $1,160,000 and on November 9thNovember 9th he acquired machinery (seven-year property) with a basis of $1,160,000. Assume that Reid has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction, including 179 expensing (but not bonus depreciation).(Use MACRS Table 1, Table 2.)

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