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Im 2019, Lisa and Fred, a married couple, had taxable income of $300,700. If they were to file separate tax returns, Lisa would have reported

Im 2019, Lisa and Fred, a married couple, had taxable income of $300,700. If they were to file separate tax returns, Lisa would have reported taxable income of $125,200 and Fred would have reported taxable income of $175,500
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! Required information [The following information applies to the questions displayed below) AMP Corporation (calendar-year-end) has 2019 taxable income of $1,900,000 for purposes of computing the 5179 expense. During 2019, AMP acquired the following assets. (Use MACRS Table 1. Table 2. Table 3. Table A and Table 5) Placed in Asset Service Machinery September 12 $1,420,000 Computer equipment February 10 430,000 office building April 2 545.000 Total 52,395,000 b. What is the maximum total depreciation, including 5179 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) access Controller.pdf IMG_5019 (2) ! Required information [The following information applies to the questions displayed below) AMP Corporation (calendar-year-end) has 2019 taxable income of $1,900,000 for purposes of computing the 5179 expense. During 2019, AMP acquired the following assets. (Use MACRS Table 1. Table 2. Table 3. Table A and Table 5) Placed in Asset Service Machinery September 12 $1,420,000 Computer equipment February 10 430,000 office building April 2 545.000 Total 52,395,000 b. What is the maximum total depreciation, including 5179 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) access Controller.pdf IMG_5019 (2)

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