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0 Required information The following information applies to the questions displayed below] AMP Corporation (calendar-year-end)...

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Accounting

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0 Required information The following information applies to the questions displayed below] AMP Corporation (calendar-year-end) has 2018 taxable income of $1,010,000 for purposes of computing the $179 expense. During 2018, AMP acquired the following assets: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5) Placed in Asset Service Basis September 12 1,320,00 Machinery Computer equipment Office building Total 380,000 495,00e $ 2,195,000 February 10 April 2 b. What is the maximum total depreciation, including $179 expense, that AMP may deduct in 2018 on the assets it placed in service in 2018 assuming no bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.) Maximum total depreciation (including 179 expense)

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