Mathematics, 07.12.2020 01:20, ari313
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 assests ( Use MACRS Table 1 , Table 2, Table 3, Table 4, and Table 5._
Asset Machinery , Places in Service Sepetember 12 , Basics $1,460,000
Asset Computer Equipment Placed in Service February 10 Basis $460,000
Asset Office Building Placed in service April 2 Basis $565,000
Total = $2,475,000
a) What is the maxium amount of 179 expense AMP may deduct for 2019?
Maximum 179 expense dedeuctible _
Answers: 1
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AMP Corporation ( calendar-year-end) has 2019 taxable income of $1,900,000 for purposes of computing...
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