ms Property Acquisition and Cost... Served Help Save & Exit Check my Required information Problem 10-56 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below) AMP Corporation (calendar year-end) has 2021 taxable income of $1,900,000 for purposes of computing the 5179 expense. During 2021, AMP acquired the following assets: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) Asset Machinery Computer equipment office building Total Placed in Service September 12 February 10 April 2 Basis $ 1,500,000 470,000 585,000 $ 2,555,000 Problem 10-56 Part a (Algo) a. What is the maximum amount of 5179 expense AMP may deduct for 2021? Maximum 5179 expense deductible