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The following information applies to the questions displayed below AMP Corporation (calendar-year-end) has 2017 taxable income of $900,000 for purposes of computing the 8179 expense.

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The following information applies to the questions displayed below AMP Corporation (calendar-year-end) has 2017 taxable income of $900,000 for purposes of computing the 8179 expense. During 2017, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Placed in Asset Service Basis Machinery Computer equipment Office building Total September 12 $1,420,000 430, 000 545,000 $2,395,000 February 10 April 2 b. What is the maximum total depreciation expense, including $179 expense, that AMP may deduct in 2017 on the assets it placed in service in 2017 assuming no bonus depreciation? (Round your answer to the nearest whole dollar amount.) Maximum total depreciation expense (including 179 expense) The following information applies to the questions displayed below AMP Corporation (calendar-year-end) has 2017 taxable income of $900,000 for purposes of computing the 8179 expense. During 2017, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Placed in Asset Service Basis Machinery Computer equipment Office building Total September 12 $1,420,000 430, 000 545,000 $2,395,000 February 10 April 2 b. What is the maximum total depreciation expense, including $179 expense, that AMP may deduct in 2017 on the assets it placed in service in 2017 assuming no bonus depreciation? (Round your answer to the nearest whole dollar amount.) Maximum total depreciation expense (including 179 expense)

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