11 Part 1 of 2 5 points Required information Problem 10-56 (LO 10-2, LO 10-3) (Algo) (The following information applies to the questions displayed below.) AMP Corporation (calendar year-end) has 2021 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2021, AMP acquired the following assets: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) Placed in Service Basis Machinery September 12 $1,320,000 Computer equipment February 10 300,000 office building April 2 495.000 Total $ 2,195,000 Asset Problem 10-56 Part a (Algo) a. What is the maximum amount of $179 expense AMP may deduct for 2021? Answer is complete but not entirely correct. Maximum $179 expense deductible $ 1,040,000 rt 2 of 2 ts Required information Problem 10-56 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below. AMP Corporation (calendar year-end) has 2021 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2021, AMP acquired the following assets: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) Placed in Asset Service Basis Machinery September 12 $ 1,320,000 Computer equipment Pebruary 10 380,000 office building April 2 495,000 Total $ 2,195,000 eBook Print ferences Problem 10-56 Part b (Algo) b. What is the maximum total depreciation, including 5179 expense, that AMP may deduct in 2021 on the assets it placed in service in 2021, assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum total depreciation (including $179 expense)