[The following information applies to the questions displayed below.] AMP Corporation (calendar-year-end) has 2023 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2023, 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 2023 ? Table 1 MACRS Half-Year Convention - 179 expense or immediate expensing election. - Businesses may elect to immediately expense up to $1,160,000 of tangible personal property placed in service during 2023 - Limits on immediate expensing - Property limitation: Businesses must reduce the $1,160,000 maximum available expense dollar for dollar for the amount of tangible personal property purchased and placed in service during 2023 over a $2,890,000 threshold - Taxable income limitation: $179 expense is limited to the taxpayer's business income after deducting all expenses (including regular and bonus depreciation) except the $179 expense b. What is the maximum total depreciation, including $179 expense, that AMP may deduct in 2023 on the assets it placed in service in 2023, assuming no bonus depreciation? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount