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5 Part 2 of 3 Required information The following information applies to the questions displayed below) Assume that Timberline Corporation has 2020 taxable income of

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5 Part 2 of 3 Required information The following information applies to the questions displayed below) Assume that Timberline Corporation has 2020 taxable income of $256,000 for purposes of computing the $179 expense. It acquired the following assets in 2020 (Use MACRS Table 1. Tablo 2. Table 3. Table 4 and Toble 5) Purchase Asset Date Basis Furniture 17-year! December 1 $ 466.000 Computer equipment (5-year) February 28 106,000 Copier (5-year) July 15 46,000 Machinery (7-year) May 22 496,080 Total $1,114,000 b. What would Timberline's maximum depreciation deduction be for 2020 assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Macrum Depreciation Deduction (including 5179 expense 6 Part of Required Information The following information applies to the questions displayed below) Assume that Timberline Corporation has 2020 taxable income of $256,000 for purposes of computing the 5179 expense. It acquired the following assets in 2020. (Use MACRS Table 1. Table 2. Table 3. Table 4 and fable 53 Purchase Asset Date Basis Furniture 17-year December $ 460,000 Computer equipment 15-year) February 28 126.000 Copier (5-year) July 15 46,00 Machinery (7-year) May 22 490,000 Total 51,114,000 c. What would Timberline's maximum depreciation deduction be for 2020 if the machinery cost $3,660,000 instead of $496,000 and assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount) Maximum Direction din ledura 5179) MC 5 Part 2 of 3 Required information The following information applies to the questions displayed below) Assume that Timberline Corporation has 2020 taxable income of $256,000 for purposes of computing the $179 expense. It acquired the following assets in 2020 (Use MACRS Table 1. Tablo 2. Table 3. Table 4 and Toble 5) Purchase Asset Date Basis Furniture 17-year! December 1 $ 466.000 Computer equipment (5-year) February 28 106,000 Copier (5-year) July 15 46,000 Machinery (7-year) May 22 496,080 Total $1,114,000 b. What would Timberline's maximum depreciation deduction be for 2020 assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Macrum Depreciation Deduction (including 5179 expense 6 Part of Required Information The following information applies to the questions displayed below) Assume that Timberline Corporation has 2020 taxable income of $256,000 for purposes of computing the 5179 expense. It acquired the following assets in 2020. (Use MACRS Table 1. Table 2. Table 3. Table 4 and fable 53 Purchase Asset Date Basis Furniture 17-year December $ 460,000 Computer equipment 15-year) February 28 126.000 Copier (5-year) July 15 46,00 Machinery (7-year) May 22 490,000 Total 51,114,000 c. What would Timberline's maximum depreciation deduction be for 2020 if the machinery cost $3,660,000 instead of $496,000 and assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount) Maximum Direction din ledura 5179) MC

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