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What is the maximum total depreciation

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Question - AMP Corporation (calendar-year-end) has 2020 taxable income of $1,900,000 for purposes of computing the §179 expense. During 2020, AMP acquired the following assets:

Placed in Asset Service Basis Machinery

September 12 $1,530,000 Computer equipment

February 10 485,000 Office building

April 2 600,000 Total $2,615,000

Required - What is the maximum total depreciation, including §179 expense, that AMP may deduct in 2020 on the assets it placed in service in 2020, assuming no bonus depreciation?

Reference no: EM132771155

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