60. Assume that ACW Corporation has 2019 taxable income of

$1,500,000 for purposes of computing the §179 expense. The company acquired the following assets during 2019 (assume no bonus depreciation):

Asset Placed in Service Basis Machinery September 12 $ 470,000 Computer equipment February 10 70,000 Delivery truck August 21 93,000 Qualified improvement property April 2 $1,380,000 Total $2,013,000

a. What is the maximum amount of §179 expense ACW may deduct for 2019?

b. What is the maximum total depreciation that ACW may deduct in 2019 on the assets it placed in service in 2019?