The following information applies to the questions displayed below. AMP Corporation (calendar-year-end) has 2017 taxable income of $900,000 for purposes of computing the 5179 expense. During 2017, AMP acquired the following assets: (Use MACRS Table 1 Table 2, Table 3, Table 4 and Table 5.) Placed in Service Asset Basis Machinery Computer equipment Office building Total September 12 $1,420,000 430,000 545,000 $2,395, 000 February 10 April 2 a. What is the maximum amount of $179 expense AMP may deduct for 2017? Maximum 179 expense deductible The following information applies to the questions displayed below. AMP Corporation (calendar-year-end) has 2017 taxable income of $900,000 for purposes of computing the 5179 expense. During 2017, AMP acquired the following assets: (Use MACRS Table 1 Table 2, Table 3, Table 4 and Table 5.) Placed in Service Asset Basis Machinery Computer equipment Office building Total September 12 $1,420,000 430,000 545,000 $2,395, 000 February 10 April 2 a. What is the maximum amount of $179 expense AMP may deduct for 2017? Maximum 179 expense deductible