Question: AMP Corporation ( calendar - year - end ) has 2 0 2 3 taxable income of $ 1 9 0 0 0 0 0
AMP Corporation calendar year end has taxable income of $ for purposes of computing the Section expense. During AMP acquired the following assets: Use MACRS Table Table Table Table and Table AssetMachineryComputerequipmentOffice building TotalPlaced inServiceSeptember February April Basis$$
What is the maximum total depreciation, including the section expense, that AMP may deduct in on the assets it plced in service in assuming no bonus deprecition?
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