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Problem 10-60 (LO 10-2, LO 10-3) (Static) Assume that ACW Corporation has 2023 taxable income of $1,500,000 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.) Asset Machinery Computer equipment Delivery truck Qualified real property (MACRS, 15 year, 150% DB) Total Placed in Service September 12 February 10 August 21 April 2 a. Maximum 179 expense for 2023 b. Maximum total deductible depreciation for 2023 Basis $ 470,000 70,000 93,000 1,380,000 $ 2,013,000 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.

Problem 10-60 (LO 10-2, LO 10-3) (Static) Assume that ACW Corporation has 2023 taxable income of $1,500,000 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 onswer to the nearest whole dollar amount

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