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Required information Skip to question [The following information applies to the questions displayed below.] AMP Corporation (calendar-year-end) has 2020 taxable income of $1,900,000 for purposes

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[The following information applies to the questions displayed below.]

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 $ 1,310,000
Computer equipment February 10 375,000
Office building April 2 490,000
Total $ 2,175,000

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

b. What is the maximum total depreciation, including 179 expense, that AMP may deduct in 2020 on the assets it placed in service in 2020, assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

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