Assume that ACW Corporation has 2018 taxable income of $1,000,000 for purposes of computing the §179 expense. The company acquired the following assets during 2018 (assume no bonus depreciation):

a. What is the maximum amount of §179 expense ACW may deduct for 2018?
b. What is the maximum total depreciation that ACW may deduct in 2018 on the assets it placed in service in 2018?

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