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! Required information [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
! Required information [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 $ 1,550,000 365,000 480,000 $ 2,395,000 a. What is the maximum amount of $179 expense AMP may deduct for 2021? Maximum $179 expense deductible This is a numeric cell, so please enter numbers only
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