AMP Corporation (calendar-year-end) has 2016 taxable income of $900,000 before the §179 expense. During 2016, AMP acquired the following assets:

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

a) What is the maximum amount of §179 expense AMP may deduct for 2016?

b) What is the maximum total depreciation expense, including §179 expense, that AMP may deduct in 2016 on the assets it placed in service in 2016 assuming no bonus depreciation?