14 Required information The following information applies to the questions displayed below) Assume that Timberline Corporation has 2018 taxable income of $274,000 for purposes of computing the $179 expense. It Part 1 of 3 acquired the following assets in 2018 (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5) Furniture 1T-year Conputer equipaent ts-year) February 28 Copier 1S-year) Machinery 17-year) 124,000 Jaly 15 May 22 1,186,0s0 Required a-1. What is the maximum amount of $179 expense Timberline may deduct for 2018 a-2. What is Timberline's $179 carryforward to 2019, if any? Prev 14 15 16 of 34 MacBook Ai 3