AMP Corporation (calendar-year-end) has 2023 taxable income of $1,900,000 for purposes of computing the 179 expense. During 2023, 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 Problem 10-56 Part a (Algo) Placed in Service Basis September 12 $ 1,460,000 February 10 April 2 450,000 565,000 $ 2,475,000 a. What is the maximum amount of 179 expense AMP may deduct for 2023? Maximum 179 expense deductible

AMP Corporation (calendar-year-end) has 2023 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2023, AMP acquired the following assets; (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.) Problem 10-56 Part a (Algo) a. What is the maximum amount of $179 expense AMP may deduct for 2023 ? AMP Corporation (calendar-year-end) has 2023 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2023, AMP acquired the following assets: (Use MACRS Table 1, Table 2. Table 3, Table 4, and Table 5.) roblem 10-56 Part b (Algo) What is the maximum total depreciation, including 5179 expense, that AMP may deduct in 2023 on the assets it placed in service in 023, assuming no bonus depreciation? lote: Round your intermediate calculations and final answer to the nearest whole dollar amount