Required information Problem 10-56 (LO 10-2, LO 10-3) (AlgO) [The following information applies to the questions displayed below.] 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.) Problem 10-56 Part a (Algo) a. What is the maximum amount of 179 expense AMP may deduct for 2022? Required information Problem 10-59 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below.] Dain's Diamond Bit Drilling purchased the following assets this year. Assume its taxable income for the year was $65,000 for purposes of computing the 179 expense (assume no bonus depreciation). (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Note: Leave no answer blank. Enter zero if applicable. Problem 10-59 Part c (Algo) c. If the January drill bits' original basis was $2,887,000, what is the maximum amount of $179 expense Dain's may deduct for the year