Question
6.AMP Corporation (calendar year end) has 2019 taxable income of $1,825,000 before the 179 expense. During 2019, AMP acquired the following assets: Asset Placed in
6.AMP Corporation (calendar year end) has 2019 taxable income of $1,825,000 before the 179 expense. During 2019, AMP acquired the following assets:
| Asset | Placed in Service | Basis | |
| Machinery | September 12 | $1,540,000 | |
| Computer Equipment | February 10 | 365,000 | |
| Office Building | April 2 | 480,000 | |
| Total | $2,385,000 | ||
What is the maximum amount of 179 expense AMP may deduct for 2019?
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Auditing Trust And Governance Developing Regulation In Europe
Authors: Reiner Quick, Stuart Turley, Marleen Willekens
1st Edition
0415448905, 9780415448901
