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AMP Corporation ( calendar - year - end ) has 2 0 2 3 taxable income of $ 1 , 9 0 0 , 0
AMP Corporation calendaryearend 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 $
b What is the maximum total depreciation, including expense, that AMP may deduct in on the assets it placed in service in assuming no bonus depreciation?
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