6 Required information [The following information applies to the questions displayed below.) Part 3 of 3 Assume that Timberline Corporation has 2020 taxable income of $258,000 for purposes of computing the $179 expense. It acquired the following assets in 2020: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) 8 01:52:09 Asset Furniture (7-year) Computer equipment (5-year) Copier (5-year) Machinery (7-year) Total Purchase Date December 1 February 28 July 15 May 22 Basis S 468,000 108,000 48,000 498,000 $1,122,000 Skipped c. What would Timberline's maximum depreciation deduction be for 2020 if the machinery cost $3,680,000 instead of $498,000 and assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum Depreciation deduction (including $179 expense)