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AMP Corporation (calendar-year-end) has 2015 taxable income of $900,000 before the 179 expense. During 2015, AMP acquired the following assets: (Use MACRS Table 1, Table
AMP Corporation (calendar-year-end) has 2015 taxable income of $900,000 before the 179 expense. During 2015, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4 andTable 5.) |
Asset | Placed in Service | Basis | |
Machinery | September 12 | $1,550,000 | |
Computer equipment | February 10 | 365,000 | |
Office building | April 2 | 480,000 | |
Total | $2,395,000 | ||
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