Question: AMP Corporation ( calendar - year - end ) has 2 0 2 4 taxable income of $ 1 , 9 0 0 , 0

AMP Corporation (calendar-year-end) has 2024 taxable income of $1,900,000 for purposes of computing the 179 expense. During 2024, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.)
AssetPlaced in ServiceBasisMachinerySeptember 12$ 1,550,000Computer equipmentFebruary 10365,000Office buildingApril 2480,000Total$ 2,395,000
a. What is the maximum amount of 179 expense AMP may deduct for 2024?
b. What is the maximum total depreciation, including 179 expense, that AMP may deduct in 2024 on the assets it placed in service in 2024, assuming no bonus depreciation?

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