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: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

	Placed in
Asset	Service		Basis
Machinery	September 12	$	1,410,000
Computer equipment	February 10		425,000
Office building	April 2		540,000
Total		$	2,375,000

Problem 10-56 Part a (Algo)

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