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 $179 expense. During 2019, 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 $1,360,000 4 00,000 515,000 $2,275,000 b. What is the maximum total depreciation, including $179 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.) Maximum total depreciation (including $179 expense) Required information The following information applies to the questions displayed below. Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2018. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2018: Asset Office furniture Machinery Used delivery truck* Cost $ 150,000 1,560,000 40,000 Date Placed in Service 02/03/2018 07/22/2018 08/17/2018 *Not considered a luxury automobile. During 2018, Karane was very successful and had no $179 limitations) and decided to acquire more assets in 2019 to increase its production capacity. These are the assets acquired during 2019: Asset Computers & info. system Luxury autot Assembly equipment Storage building Cost $ 400,000 80,000 1,200,000 700,000 Date Placed in Service 03/31/2019 05/26/2019 08/15/2019 11/13/2019 tUsed 100% for business purposes. Karane generated taxable income in 2019 of $1,732,500 for purposes of computing the $179 expense. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) Assume the 2018 $179 limits are the same as those in 2019. (Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.) b. Compute the maximum 2019 depreciation deductions, including $179 expense (ignoring bonus depreciation). Total Description Cost Sec. 179 Expense MACRS Basis Current MACRS Depreciation Depreciation Deduction | $ $ $ $ $ 2018 Assets Office furniture Machinery Used delivery truck 150,000 1,560,000 40,000 0 0 op 150,000 560,000 40,000 36,735 137,144 12,800 36,735 137,144 12,800 01 2019 Assets Computers & Info. System Luxury Auto Assembly Equipment Storage Building 80,000 10,000 400,000 80,000 1,200,000 700,000 400,000 80,000/ 180,000 700,000 80,000 10,000 1,020,000 2,247 1,020,000 op 2,247 Totals $ 4,130,000 $ 1,020,000 $ 2,110,000 $ 278,926