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Assume that ACW Corporation has 2018 taxable income of $1,000,000 for purposes of computing the 179 expense. The company acquired the following...
- What is the maximum amount of §179 expense ACW may deduct for 2018?
- What is the maximum total depreciation that ACW may deduct in 2018 on the assets it placed in service in 2018?
Please provide a written tax memo research for this.