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AMP Corporation ( calendar year - end ) has 2 0 2 2 taxable income of $ 1 , 9 0 0 , 0 0
AMP Corporation calendar yearend has taxable income of $ for purposes of computing the expense. During AMP acquired the following assets: Use MACRS Table Table Table Table and Table
Asset Placed in Service Basis
Machinery September $
Computer equipment February
Office building April
Total $
Problem Part a Algo
a What is the maximum amount of expense AMP may deduct for
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