Question: AMP Corporation ( calendar - year - end ) has 2 0 2 4 taxable income of $ 1 , 9 0 0 , 0

AMP Corporation (calendar-year-end) has 2024 taxable income of $1,900,000 for purposes of computing the 179 expense. During 2024, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.)
AssetPlaced in ServiceBasisMachinerySeptember 12$ 1,550,000Computer equipmentFebruary 10365,000Office buildingApril 2480,000Total$ 2,395,000
Problem 10-56 Part a (Static)
a. What is the maximum amount of 179 expense AMP may deduct for 2024?

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