! Required information Problem 10-56 (LO 10-2, LO 10-3) (Static) (The following information applies to the questions displayed below.) AMP Corporation (calendar year-end) has 2021 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2021, 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 Placed in Service September 12 February 10 April 2 Basis $ 1,550,000 365,000 480,000 $ 2,395,000 Problem 10-56 Part a (Static) a. What is the maximum amount of $179 expense AMP may deduct for 2021? Answer is complete but not entirely correct. Maximum $179 expense deductible $ 1,040,000 X