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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

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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.) Asset Machinery Computer equipment Office building Total Placed in Service September 12 February 10 April 2 Basis $ 1,310,000 375,000 490,000 $ 2,175,000 a. What is the maximum amount of $179 expense AMP may deduct for 2021? Maximum $179 expense deductible $ 935,000

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