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AMP Corporation (calendar year-end) has 2022 taxable income of $1,900,000 for purposes of computing the 179 expense. During 2022, AMP acquired the following assets: (Use

AMP Corporation (calendar year-end) has 2022 taxable income of $1,900,000 for purposes of computing the 179 expense. During 2022, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

Asset Placed in Service Basis
Machinery September 12 $ 1,510,000
Computer equipment February 10 475,000
Office building April 2 590,000
Total $ 2,575,000

Problem 10-56 Part b (Algo)

b. What is the maximum total depreciation, including 179 expense, that AMP may deduct in 2022 on the assets it placed in service in 2022, assuming no bonus depreciation?

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.

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