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	$	1,450,000
Computer equipment	February 10		445,000
Office building	April 2		560,000
Total		$	2,455,000

Problem 10-56 Part a (Algo)

a. What is the maximum amount of 179 expense AMP may deduct for 2020?

b. 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?