Assume that ACW Corporation has 2015 taxable income of $1,000,000 before the §179 expense and acquired the following assets during 2015 (assume no bonus depreciation but assume that the 2014 §179 limits are extended to 2015).

a) What is the maximum amount of §179 expense ACW may deduct for 2015?
b) What is the maximum total depreciation expense that ACW may deduct in 2015 on the assets it placed in service in 2015?

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