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9 art 1 of 2 23 nts Skipped Required information Problem 10-56 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed
9 art 1 of 2 23 nts Skipped Required information Problem 10-56 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below.] AMP Corporation (calendar year-end) has 2021 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2021, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Machinery Asset Computer equipment Office building eBook Total Ask Print Placed in Service September 12 February 10 April 2 Basis $ 1,410,000 425,000 540, 000 $ 2,375,000 Problem 10-56 Part a (Algo) a. What is the maximum amount of $179 expense AMP may deduct for 2021? Ceferences Maximum $179 expense deductible 10 art 2 of 2 23 Ints Required information Problem 10-56 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below.] AMP Corporation (calendar year-end) has 2021 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2021, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Skipped Asset Machinery Computer equipment Office building eBook Total Ask Problem 10-56 Part b (Algo) Placed in Service September 12 February 10 April 2 Basis $ 1,410,000 425,000 540,000 $ 2,375,000 Print b. What is the maximum total depreciation, including 179 expense, that AMP may deduct in 2021 on the assets it placed in service in 2021, assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) References Maximum total depreciation (including $179 expense)
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