Question: Problem 1 0 - 6 0 ( LO 1 0 - 2 , LO 1 0 - 3 ) ( Algo ) Assume that ACW

Problem 10-60(LO 10-2, LO 10-3)(Algo)
Assume that ACW Corporation has 2024 taxable income of \(\$ 1,980,000\) for purposes of computing the \(\S 179\) expense. The company acquired the following assets during 2024(assume no bonus depreciation): (Use MACRS Table 1, Table 2, and Table 5.)
a. What is the maximum amount of \(\S 179\) expense ACW may deduct for 2024?
b. What is the maximum total depreciation that ACW may deduct in 2024 on the assets it placed in service in 2024?
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Answer is complete but not entirely correct.
Problem 1 0 - 6 0 ( LO 1 0 - 2 , LO 1 0 - 3 ) (

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