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 2023 taxable income of $1,900,000 for purposes of computing the $179 expense. During 2023, AMP acquired the following assets: (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.) Asset Machinery Computer equipment Office building Placed in Service September 12 February 10 April 2 Basis $ 1,480,000 460,000 575,000 Total $ 2,515,000 Problem 10-56 Part a (Algo) a. What is the maximum amount of $179 expense AMP may deduct for 2023? Maximum §179 expense deductible

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