Assume that ACW Corporation has 2023 taxable income of $1,620,000 for purposes of computing the...
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Accounting
Assume that ACW Corporation has 2023 taxable income of $1,620,000 for purposes of computing the $179 expense. The company acquired the following assets during 2023 (assume no bonus depreciation): (Use MACRS Table 1, Table 2, and Table 5.) a. What is the maximum amount of 179 expense ACW may deduct for 2023 ? b. What is the maximum total depreciation that ACW may deduct in 2023 on the assets it placed in service in 2023? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount
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