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7 0.76 points Required information [The following information applies to the questions displayed below.] AMP Corporation (calendar year-end) has 2022 taxable income of $1,900,000
7 0.76 points Required information [The following information applies to the questions displayed below.] AMP Corporation (calendar year-end) has 2022 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2022, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Asset Machinery Service Placed in Basis September 12 $ 1,550,000 Computer equipment February 10 365,000 Office building Total April 2 480,000 $ 2,395,000 a. What is the maximum amount of 179 expense AMP may deduct for 2022? > Answer is complete but not entirely correct. Maximum 179 expense deductible $ 212,192 x
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