Rex's Wrecks purchased $$1,251,000$ in new equipment during $2023.$ Rex wants to use Section $179$ to expense the maximum amount of the purchase. If Rex is not using bonus depreciation, how much will Rex get to expense under Section $179$ and what will be the adjusted basis of the assets for calculating MACRS depreciation expense?

The answer is Section $179-$$$1,160,000$; adjusted basis subject to MACRS$-$$$11,000.$ Please explain how adjusted basis subject to MACRS ended up at $$11,000.$