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Maximum 179 expenses deductible for 2021 is $1,050,000. I need help calculating the maximum total depreciation (including 179 expenses) tables given. what table rates do

Maximum 179 expenses deductible for 2021 is $1,050,000. I need help calculating the maximum total depreciation (including 179 expenses) tables given. what table rates do i use? image text in transcribed
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Check my Problem 10-56 (LO 10-2, LO 10-3) (Static) [The following information applies to the questions displayed below.) AMP Corporation (calendar year-end) has 2021 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2021, AMP acquired the following assets: (Use MACRS Table 1, Table 2. Table 3. Table 4 and Table 5 Asset Machinery Computer equipment office building Total Placed in Service September 12 February 10 April 2 Basis $ 1,550,000 365, eee 480, eee $ 2,395,000 Problem 10-56 Part b (Static) b. What is the maximum total depreciation, including $179 expense, that AMP may deduct in 2021 on the assets it placed in service in 2021, assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum total depreciation (including $179 exponse) Table 1 MACRS Half-Year Convention 20-Year Year 1 3.750% Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year 33.33% 20.00% 14.29% 10.00% 5.00% 44.45 32.00 24.49 18.00 9.50 14.81 19.20 17.49 14.40 8.55 7.41 11.52 12.49 11.52 7.70 Year 2 7.219 Year 3 6.677 Year 4 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 7.37 6.23 5.285 8.92 8.93 6.55 5.90 4.888 4.46 6.55 5.90 4.522 6.56 5.91 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 4.462 6.55 5.90 4.461 3.28 5.91 4.462 5.90 Year 13 5.91 4.461 4.462 4.461 5.90 5.91 4.462 Year 14 Year 15 Year 16 Year 17 2.95 4.461 4.462 Year 18 Year 19 4.461 4.462 Year 20 4.461 Year 21 2.231 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 Year 8 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 Year 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 8.87 Year 8 3.34 TABLE 2 MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 20 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 4 12.24 13.02 Year 5 11.30 9.30 Year 6 7.06 8.85 Year 7 8.86 Year 8 5.53 TABLE 20 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 19.68 Year 4 13.68 14.06 Year 5 10.94 10.04 Year 6 9.58 8.73 Year 7 8.73 Year 8 7.64 Months 9619 LABLE 3 Residential Rental Property Mid-Month Convention Straight line 275 Years Month Property Placed in Service Month 1 Month 2 Month 3 Month 4 Months Month 6 Month Year 3.485 3.182 2.8793 2.576 22739 1970 1.667 Year 29 3.636 3.636 3.636 3.636 3.636 3.636 3636 Year 10 3,633 3.637 3.637 2.639 3.637 3.637 3.636 Year 11 3.636 3.636 3.636 3.636 3.636 3.636 3.637 Year 12 3.637 3.637 3.637 3.637 3.637 3.632 Year 13 3636 3.636 3.636 3.636 3.636 1.616 3.637 Year 16 3.637 3.637 3.637 3.63 3.637 3.637 3.636 Year 15 3.636 3.636 3.636 3.636 3.636 3.636 3.637 Year 16 3.637 3.637 3.637 3.637 3.637 3,637 3.636 Year 17 3.636 3.636 3.636 3.636 3.636 3.636 3.637 Year 18 3637 3.637 3.637 3637 3.637 3.637 3.636 Year 19 3.636 3.636 3.636 3.636 3.636 3,636 3.637 Year 20 3.637 3.637 3637 3.637 1.637 3.637 3.636 Year 21 3.636 3.636 1636 3.636 3.636 3.636 3.637 Year 22 3.637 3.637 3.632 3.637 1.637 3.63% 3616 Year 23 3.636 3.636 3.636 1636 3.636 3636 Year 24 1.637 3.637 3.687 3.637 3.637 3.636 Year 25 3.636 3.636 3.636 3.636 3.636 3.637 3.636 Year 26 3.637 3.637 3.637 1637 3.637 3:636 Year 27 1.636 1616 3636 3.636 3.636 2273 197 Year 28 22.576 2.879 3.485 3.636 3.637 3.636 3.637 3.636 3637 3.636 3.637 E Month Month 10 Month 11 Month 12 1061 0.7551 0455 0.52 1636 34636 3616 1636 3636 1636 3.636 3.637 3687 1617 3.636 3.636 2616 106 3.637 3.637 3.636 3.636 3.636 3637 3637 3.63 3.637 3.636 3.656 3.636 3636 3.637 3637 3637 3637 3.636 3.636 3.636 3.636 3.637 1617 3.637 3.63 3.636 3.636 .56 3637 16 3617 3617 3636 3636 3.637 3.632 3.637 3.617 3.636 3.636 3.656 3637 3.636 32636 3.636 1637 3.63 3.0.37 3.636 3636 3636 3:630 3.636 3.637 E 3.636 3.637 3636 3637 3.636 3.617 1.636 3637 3.636 LESE LE 3.67 ZSEE Month 2.576 3.636 3.637 3.636 3.632 3.636 3.637 3.636 Month 8 13649 3.636 3.636 3.637 3.636 3,637 3.636 3.637 Year! Year 2.9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Month 1 3.44853 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 1.97 Months 2 3.1829 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3,637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.637 Month 3 2.8799 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.617 3,636 3.6.37 3.636 3.637 Month 9 1.0614 3.636 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.637 3.636 Month Property Placed in Service Months Month 6 Month 2.27396 1970 1667 3.636 3.636 3.636 3.637 3.637 3.636 3.636 3.636 3.637 3.637 3.637 3.636 3.636 3.636 3.637 3.637 3.637 3.636 3.636 3.636 3.637 3.637 3.637 3.636 3,636 3.636 3.637 3.637 3.637 3,636 3.636 3.636 3.637 3.637 3.637 3.636 3.636 3.636 3.637 3,637 3.637 3.636 3.636 3.636 3.617 3.637 3.637 3.636 3.637 3.637 3.637 3/636 3.636 3.637 182 3.630 0.152 3.636 3.637 3.636 3.636 3.637 3.636 3.637 3.636 Months 10 Month 11 Month 12 0.7589 0455 0.152 3.636 3.636 3636 3.636 3.636 3.636 3.637 3.67 3637 3.636 3,636 3.636 3.637 3.637 3637 1636 3.636 3.636 3.637 3,637 3.637 3.636 3.636 3.636 3,637 3.637 3.6337 3.616 3.636 3.636 3,637 3.637 361 3.636 3.636 3.636 3,607 3.637 3.636 3.610 3.636 1.637 3.637 3.637 3.636 3.636 3036 3.637 3657 3.637 3.636 1616 3,637 3.636 1636 1.061 99 2193 3.637 3.636 3,637 3.636 3.637 3.636 3.637 3.636 2.879 3.636 3.637 3.636 3.637 3.636 3.637 3.636 3.617 1.636 3.6.17 3.636 1637 1616 0.758 99 7637 3.636 3.636 2.576 3.636 1.612 3.636 0455 NE 99 Month 10 16 11 3.17 3115 175 3.175 TABLE Nonresidential Real Property Mid Month Convention Straight Line 31.5 Years (for et placed in service before May 13, 1993) Month Property Placed in Service Month Month 2 Month Month Month Month Month Munt Year Month 2.7789 5139 1984 17201 1.455 100% Year 2 3175 3.175 3.175 3.175 3.175 3.125 5:19 Years 3.175 3.174 3.175 170 3.175 3:174 175 319 175 Year 3.175 3.174 3.175 3.175 175 1174 Year 10 3175 3.174 30175 3.174 3175 3.174 3175 3175 Year 11 3.174 3.175 3:174 3.175 3.174 3.175 3174 3.175 3174 Year 12 3175 3.174 3.175 3.174 3.175 3 174 2:17 3:14 3.175 Year 13 3175 3.174 3.173 1.114 3.175 1114 3.175 Year 14 3.175 3:114 3.175 3124 3.175 1.174 1.17 314 175 Year 15 3174 1175 3174 1.175 1.114 1.175 124 Year 16 1175 1175 3.175 1174 175 144 175 Year 17 1174 3.175 3.174 3.175 3.174 3.175 3:17 215 3:174 Year 18 3175 115 3.174 3.175 3.174 3.175 3.174 3.175 Year 19 3.175 3.174 3.175 3.174 3.175 3174 3175 3.194 Year 20 3.175 3.174 3.175 3.174 3.175 3.175 3:174 1.175 Year 21 3.174 3.175 3.174 3.175 3.174 1175 3.174 3.175 3.174 Year 22 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 Year 23 3174 3.175 3.174 3.175 3.174 3.175 3:174 3:115 Year 24 3.175 3.174 2017 3.174 3.175 3.174 3:175 3:174 3.175 1:11 3174 3.175 3174 2.175 1.135 3:13 174 3.175 5.174 3:175 2174 3.15 11 3:175 14 3.113 TABLE S Nonresidential Real Property Md. Month Convention Straight line-39 Years (for assets placed in service on eraler May 13, 1993) Month Property Maced in Service Month 1 Month 2 Month Month 4 Month Month Month Munih Month Yeart 24611 20239 1819 1.605 1919 090 0.791 264 2564 2564 156 Year 10 0.107 0121 0335 0.749 0.963 1127 1191 1605 19 Meu Month to 0319 564 2013 on Straight Line-39 Years (for assets placed in service on or after May 13, 1993) Month Property Placed in Service Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 1.819 1.605% 1.391% 1.17796 0.963% 0.749% 2.564 2.564 2.564 2.564 2.564 2.564 0.749 -0.963 1.177 1.391 1.605 1.819 Month 11 Month 12 Month 10 0.5359 0.321% 0.1079 2.564 2.564 2.564 2.033 2.247 2.461

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