AMP Corporation (calendar-year-end) has 2018 taxable income of $900,000 for purposes of computing the §179 expense. During 2018, AMP acquired the following assets:

a. What is the maximum amount of §179 expense AMP may deduct for 2018? 

b. What is the maximum total depreciation, including §179 expense, that AMP may deduct in 2018 on the assets it placed in service in 2018 assuming no bonus depreciation?

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