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 $2024$ taxable income of $\backslash (\backslash$$ $1,900,000\backslash )$ for purposes of computing the $\backslash (\backslash$$ $179\backslash )$ expense. During $2024,$ AMP acquired the following assets: $($Use MACRS Table $1,$ Table $2,$ Table $3,$ Table $4,$ and Table $5.)$

Problem $10-56$ Part a $($Algo$)$

a$.$ What is the maximum amount of $\backslash (\backslash$S $179\backslash )$ expense AMP may deduct for $2024?$ 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 $2024$ taxable income of $\backslash (\backslash$$ $1,900,000\backslash )$ for purposes of computing the $\backslash (\backslash$$ $179\backslash )$ expense. During $2024,$ AMP acquired the following assets: $($Use MACRS Table $1,$ Table $2,$ Table $3,$ Table $4,$ and Table $5.)$

Problem $10-56$ Part b $($Algo$)$

b$.$ What is the maximum total depreciation, including $\backslash (\backslash$$ $179\backslash )$ expense, that AMP may deduct in $2024$ on the assets it placed in service in $2024,$ assuming no bonus depreciation?

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.