4. Assume that Timberline Corporation has 2017 taxable income of $240,000 for purposes of computing the 179 expense. It acquired the following assets in 2017: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

	Purchase
Asset	Date		Basis
Furniture (7-year)	December 1	$	350,000
Computer equipment (5-year)	February 28		90,000
Copier (5-year)	July 15		30,000
Machinery (7-year)	May 22		480,000
Total		$	950,000

a-1. What is the maximum amount of 179 expense Timberline may deduct for 2017?

179 expense	?

a-2. What is Timberlines 179 carryforward to 2018, if any?

179 carryforward	?

7. Chaz Corporation has taxable income in 2017 of $392,000 for purposes of computing the 179 expense and acquired the following assets during the year:

	Placed in
Asset	Service		Basis
Office furniture	September 12	$	1,330,000
Computer equipment	February 10		946,000
Delivery truck	August 21		73,000
Total		$	2,349,000

What is the maximum total depreciation expense that Chaz may deduct in 2017? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)

Maximum total depreciation expense

?