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 $$1,900,000$ for purposes of computing the $$179$

expense. During $2024,$ AMP acquired the following assets: $($Use MACRS Table $1,$ Table $2,$ Table $3,$ Table $4,$ and Table $5.)$

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

a$.$ What is the maximum amount of $179$ expense AMP may deduct for $2024?$ 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 $5.)$

$1,295,366$ is WRONG