Question
AMP Corporation (calendar year end) has 2016 taxable income of $900,000 before the 179 expense. During 2016, AMP acquired the following assets: Asset Placed in
AMP Corporation (calendar year end) has 2016 taxable income of $900,000 before the 179 expense. During 2016, AMP acquired the following assets:
| Asset |
| Placed in Service | Basis |
| Machinery | September 12 | $1,530,000 | |
| Computer Equipment | February 10 | 355,000 | |
| Office Building | April 2 | 480,000 | |
| Total |
|
| $2,365,000 |
What is the maximum amount of 179 expense AMP may deduct for 2016?
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Information Audit For The Management Process Empresa Nacional De Productos Agropecuarios ENPA Of Villa Clara
Authors: Alejandra María Osorio Capote, Manuel Osvaldo Machado Rivero, Dianelys Martínez Paz
1st Edition
6203767883, 978-6203767889
