Required information

Skip to question

$[$The following information applies to the questions displayed below.$]$

AMP Corporation $($calendar year$-$end$)$ has $2022$ taxable income of $$1,900,000$ for purposes of computing the $179$ expense. During $2022,$ AMP acquired the following assets: $($Use MACRS Table $1,$ Table $2,$ Table $3,$ Table $4$ and Table $5.)$

Asset Placed in Service Basis

Machinery September $12$ $ $1,380,000$

Computer equipment February $10410,000$

Office building April $2525,000$

Total $ $2,315,000$

b$.$ What is the maximum total depreciation, including $179$ expense, that AMP may deduct in $2022$ on the assets it placed in service in $2022,$ assuming no bonus depreciation?

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.