Assume that ACW Corporation has 2023 taxable income of $1,860,000 for purposes of computing the $179...

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Assume that ACW Corporation has 2023 taxable income of $1,860,000 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.) Machinery Asset Computer equipment Placed in Service Basis 12-September $ 506,000 10-February 106,000 Delivery truck 21-August 129,000 Qualified real property (MACRS, 15 year, 02-April 150% DB) Total 1,416,000 $ 2,157,000 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. a. Maximum 5179 expense for 2023 b. Maximum total deductible depreciation for 2023 Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 3.750% Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 14.40 8.55 6.677 Year 4 7.41 11.52 12.49 11.52 7.70 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 8.92 7.37 6.23 5.285 Year 7 8.93 6.55 5.90 4.888 Year 8 4.46 6.55 5.90 4.522 Year 9 6.56 5.91 4.462 Year 10 6.55 5.90 4.461 Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 5.91 4.462 5.90 4.461 5.91 4.462 2.95 4.461 4.462 4.461 4.462 4.461 Voar 21 2.231 2a -Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 8.75 Year ( 1.38 8.74 Year 7 8.75 1.09 Year 8 TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 8.87 Year 8 3.34 LE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (for assets placed in service on or after May 13, 1993) Month Property Placed in Service Month 1 Month 2 Month 3 Month 4 Month 5 Month 6. Month 7 Month 81 Month 91 Month 10 Month 11 Month ear 1 2461% 2.247% 2.033% 1.819% 1.605% 1.391% 1.177% 0963% 0.749% 0.535% 0.321% 0.10 r 2-39 2.564 2.564 2.564 2.564 2.564 2.564 2.5641 2.564 2.564 2.564 2.564 2.56 ar 40 0.107 0.321 0.535 0.749 0.963 1.177 1.391 1.605 1.819 2.033 2.247 2.46 Assume that ACW Corporation has 2023 taxable income of $1,860,000 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.) Machinery Asset Computer equipment Placed in Service Basis 12-September $ 506,000 10-February 106,000 Delivery truck 21-August 129,000 Qualified real property (MACRS, 15 year, 02-April 150% DB) Total 1,416,000 $ 2,157,000 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. a. Maximum 5179 expense for 2023 b. Maximum total deductible depreciation for 2023 Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 3.750% Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 14.40 8.55 6.677 Year 4 7.41 11.52 12.49 11.52 7.70 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 8.92 7.37 6.23 5.285 Year 7 8.93 6.55 5.90 4.888 Year 8 4.46 6.55 5.90 4.522 Year 9 6.56 5.91 4.462 Year 10 6.55 5.90 4.461 Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 5.91 4.462 5.90 4.461 5.91 4.462 2.95 4.461 4.462 4.461 4.462 4.461 Voar 21 2.231 2a -Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 8.75 Year ( 1.38 8.74 Year 7 8.75 1.09 Year 8 TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 8.87 Year 8 3.34 LE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (for assets placed in service on or after May 13, 1993) Month Property Placed in Service Month 1 Month 2 Month 3 Month 4 Month 5 Month 6. Month 7 Month 81 Month 91 Month 10 Month 11 Month ear 1 2461% 2.247% 2.033% 1.819% 1.605% 1.391% 1.177% 0963% 0.749% 0.535% 0.321% 0.10 r 2-39 2.564 2.564 2.564 2.564 2.564 2.564 2.5641 2.564 2.564 2.564 2.564 2.56 ar 40 0.107 0.321 0.535 0.749 0.963 1.177 1.391 1.605 1.819 2.033 2.247 2.46