Check my w Part 1 of 2 Required information [The following information applies to the questions displayed below.) 10 points AMP Corporation (calendar-year-end) has 2019 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2019, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Skipped eBook Print Asset Machinery Computer equipment Office building Total Placed in Service Basis September 12 $1,550,000 February 10 365,000 April 2 480,000 $2,395,000 References a. What is the maximum amount of $179 expense AMP may deduct for 2019? Maximum $179 expense deductible 15-Year 5.00% 9.50 8.55 20-Year 3.750% 7.219 6.677 6.177 7.70 9.22 5.713 5.285 6.93 6.23 5.90 5.90 4.888 Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year Year 1 33.33% 20.00% 14.29% 10.00% Year 2 44.45 32.00 24.49 18.00 Year 3 14.81 19.20 17.49 14.40 Year 4 7.41 11.52 12.49 11.52 Year 5 11.52 8.93 Year 6 5.76 8.92 7.37 Year 7 8.93 6.55 Year 8 4.46 6.55 Year 9 6.56 Year 10 6.55 Year 11 3.28 Year 12 Year 13 Year 14 Year 15 . Year 16 Year 17 T T Year 18 J h Year 19 Year 20 Year 21 5.91 5.90 5.91 4.522 4.462 4.461 4.462 4.461 4.462 5.90 4.461 5.91 5.90 5.91 2.95 4.462 4.461 4.462 4.461 4.462 4.461 TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 8.75 Year 6 1.38 8.74 Year 7 8.75 Years 1.09 TABLE 26 MACRS Mid-Quarter Convention: For property placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7-Year 25.00% 17.85% Year 2 1 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 L 11.97 Year 5 1 11.37 8.87 Year 6 4.26 8.87 Year 7 8.87 Year 8 3.34 TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 15.00% 10.71% Year 2 34.00 25.51 Year 3 20.40 18.22 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 1 11.37 1 8.87 Year 6 | 4. 26 8 .87 Year 7 8 .87 Year 8 1 3 3.34 TABLE 2c MACRS Mid Quarter Convention: Depreciation Rate for Recovery Period 5-Year 1 7-Year Yearl 15.00% 10.71% 1 Year 2 34.00 2 551 Year 3 T 20.40 18.22 Year 4 12.24 13.02 Year 5 11.30 9.30 Year 6 7.06 8.85 7 Year 8 .86 Year 8 T 5.53 TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 5 .00% 3.57% Year 2 | 38.00 27.55 Year 3 22. 80 1 9.68 Year 4 13.68 1 14.06 Year 5 10.94 10.04 Year 6 9. 58 8 .73 Year 7 8 .73 1 Year S 17.641 TABLE 3 Residential Rental Property Mid Month Convention Straight Line 27.5 Years Year 1 Month 1 3.485% 3.636 3637 Month 2 3.182% 3.636 Month Property Placed in Service Month 3 Month 4 Month 5 Month 6 Month 7 2879% 2576% 2273% 1970% 1667% 3.6363.636 3.636 3.636 3.636 3637 36373637 3.637 3616 Month 8 1364% 3.636 Month 9 Month 10 Month 11 Month 12 1.061% 0.758% 0.45595 3.636 3.636 3.636 3636 3.636 3.636 Year 2.9 Year 10 3.637 3636 Year 11 3616 95.93 3636 3636 3636 3636 2637 3.637 3637 3637 3637 Year 12 3.637 3.637 3.637 3.637 3.637 3637 3.636 3.636 3636 3636 3636 3.636 Year 13 3.636 3636 3636 3636 3636 3637 3637 3637 3637 3.637 3.637 3636 3.637 Year 14 3637 3637 3637 3637 3.636 3616 1.636 3636 3.637 3636 3.636 3637 3.636 3637 Year 15 3.636 3.636 3.636 3.636 3.636 1637 3617 1617 3632 Year 16 3.637 3.637 3637 3637 3637 3.637 3.636 3636 3.636 3.636 3.636 3.636 Year 17 3.636 3616 3.636 3.636 3.636 3.636 3637 3.637 1.637 3637 3.637 Vear IS 3.631 3637 3.637 3637 3.637 3.636 3.636 3.636 3.636 3636 Year 19 3636 3.636 3.636 3.636 3.637 3637 3637 3.637 3637 Year 203637 3637 3637 3636 3636 3636 3.636 3.636 Year 21 3.636 3636 3636 3636 3.637 3.637 3.637 3.637 3637 3.636 3.636 3.637 3.637 3.6363.636 3.6373.637 3.6363.636 3.6373.637 3632 1617 1637 3636 1636 1636 1616 36 36 Year 22 3.637 Year 213636 Year 24 3.637 3637 3.637 3637 3.637 3.637 3637 3.636 3.636 3.6373.637 3.636 3.637 3.636 3636 3.636 3.636 3.636 1636 Year 25 3.636 3636 3636 3616 3.636 3.637 3.637 3.637 3.637 3637 Year 26 3.636 3.637 3616 3.637 3637 3.637 3637 3.636 3.636 3.636 99 E 3616 Year 27 36363636 3616 3.636 3636 3.637 3637 3637 1.97 2273 2576 2870 187 3.485 3.636 3.636 3636 3.636 Year 28 Year 29 3.636 1 364 0.152 0455 0.758 1061 Month 1 3002 Month 3 1190 Month 0976% 125 Yearl Month 10 Month 11 066190 1919 125 3175 Month 12 01324 Year 2.7 3175 125 3175 3.175 3.175 Month Property Placed in Service Month 2 Month 3 Month 4 Months Month 7 2 779% 251396 2.29% 1981 1720 16556 31753 1753 1753 175 3175 125 1174 3175 3125 3174 3175 3.174 3.174 3174 3175 3.174 3175 3174 315 3174 3175 1114 3.174 3175 3 174 3.175 3.175 3174 3.175 1175 3174 3175 Year 9 3175 1 3124 3 175 3174 3.175 3175 3 174 3175 Year 10 11 3175 3174 Year 11 3174 3125 3175 Year 12 3175 1174 3175 3 174 3175 3.174 Year 13 Year 14 3.175 3174 1175 3 174 1175 3175 3174 Year 15 1174 1175 1174 3125 3.125 1174 175 3 174 3174 3175 3175 3175 3.174 3 174 1175 3175 3174 3175 3174 3175 3.174 3.175 1174 3175 175 3 174 3 174 1174 1175 3.175 3175 3174 1175 3.174 1175 1174 111 1175 3124 1125 3174 3175 3175 3174 3175 1174 3170 3175 3.174 3175 3175 1174 1174 1175 3175 1115 3174 1175 3124 1175 11 3175 3175 1110 1174 314 3174 1175 1174 3174 3175 3174 3175 3175 1174 3174 3.175 14 3174 11 1175 3175 31 311 1174 1934 249 3175 0661 0132 0926 1190 TABLE 5 Nonresidential Real Property M Month Convention Straight Line 19 Years (for awes placed in wrices or after May 13, 1993) Month Il Month 4 1819% Monthl Yearl 24619 Year 2-392 564 Year 40 0101 Mouth 2 22429 2564 0121 Month 3 2 03196 2.564 0 535 Meath Property Placed in Service Months Month 6 Month 7 Month 3 Month 9 Month 10 1 605% 1391% 17902140 749960535% 2564 2564 2564 2561 2561 0961 1177 1191 605 810 2031 Month 12 010796 2564 2 461 2.561 03219 2561 27 2564 0.709 Check my work Required information [The following information applies to the questions displayed below.] Part 2 of 2 AMP Corporation (calendar-year-end) has 2019 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2019, AMP acquired the following assets: (Use MACRS Table 1, Table 2 Table 3, Table 4 and Table 5.) 10 points Skipped Asset Machinery Computer equipment Office building Placed in Service Basis September 12 $1,550,000 February 10 365,000 April 2 480,000 $2,395,000 eBook Print Total References b. What is the maximum total depreciation, including $179 expense, that AMP may deduct in 2019 on the assets it placed in service in 2019, assuming no bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.) Maxim depreciation docluding $1