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Required information [The following information applies to the questions displayed below.] AMP Corporation (calendar-year-end) has 2019 taxable income of $1,900,000 for purposes of computing the

Required information

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

AMP Corporation (calendar-year-end) has 2019 taxable income of $1,900,000 for purposes of computing the 179 expense. During 2019, AMP acquired the following assets:

Placed in
Asset Service Basis
Machinery September 12 $ 1,550,000
Computer equipment February 10 365,000
Office building April 2 480,000
Total $ 2,395,000

b. What is the maximum total depreciation, including 179 expense, that AMP may deduct in 2019 on the assets it placed in service in 2019, assuming no bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)

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