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Problem 10-56 (LO 10-2, LO 10-3) (Algo)

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AMP Corporation (calendar year-end) has 2022 taxable income of $1,900,000 for purposes of computing the 179 expense. During 2022, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

Asset	Placed in Service	Basis
Machinery	September 12	$ 1,310,000
Computer equipment	February 10	375,000
Office building	April 2	490,000
Total		$ 2,175,000

Problem 10-56 Part a (Algo)

a. What is the maximum amount of 179 expense AMP may deduct for 2022?