Required information
Skip to question
The following information applies to the questions displayed below.
AMP Corporation calendar yearend has taxable income of $ for purposes of computing the expense. During AMP acquired the following assets: Use MACRS Table Table Table Table and Table
Asset Placed in Service Basis
Machinery September $
Computer equipment February
Office building April
Total $
b What is the maximum total depreciation, including expense, that AMP may deduct in on the assets it placed in service in assuming no bonus depreciation?
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
