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AMP Corporation ( calendar - year - end ) has 2 0 2 0 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 $
bWhat is the maximum total depreciation, including expense, that AMP may deduct in on the assets it placed in service in assuming no bonus depreciation? Round your intermediate calculations and final answer to the nearest whole dollar amount.
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
Placed in
Asset 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? Round your intermediate calculations and final answer to the nearest whole dollar amount.
Maximum total depreciation including expense$
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