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Required information Problem 10-56 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below] AMP Corporation (calendar year-end) has 2021 taxable
Required information Problem 10-56 (LO 10-2, LO 10-3) (Algo) [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 5179 expense. During 2021, AMP acquired the following assets (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5) Arset Machinery Computer equipment Office building Total Placed in Service September 12 February 101 April 2 Baris $ 1.370,000 405,000 520,000 $2,295,000 Problem 10-56 Part b (Algo) 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 5179 expense)
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