Question: Assume that ACW Corporation has 2024 taxable income of $1,600,000 for purposes of computing the 179 expense. The company acquired the following assets during 2024

Assume that ACW Corporation has 2024 taxable income of $1,600,000 for purposes of computing the 179 expense. The company acquired the following assets during 2024 (assume no bonus depreciation): (Use MACRS Table 1, Table 2, and Table 5.)

Asset Placed in Service Basis
Machinery September 12 $ 480,000
Computer equipment February 10 80,000
Delivery truck August 21 103,000
Qualified real property (MACRS, 15 year, 150% DB) April 2 1,390,000
Total $ 2,053,000

  1. What is the maximum total depreciation that ACW may deduct in 2024 on the assets it placed in service in 2024?

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