7 Part 2 of 3 1 points Required information The following information applies to the questions displayed below! Assume that Timberline Corporation has 2021 taxable income of $240,000 for purposes of computing the 5179 expense. It acquired the following assets in 2021 (Use MACRS Table 1. Table 2. Table 3. Table 4 and Toble 5 Asset Purchase Date Basis Furniture (3-year December 1 $ 450,000 Computer equipment (5-year) February 20 90,000 Copier (5-year) July 15 30.000 Machinery 19-year May 22 480.000 Total 5.1.050,000 b. What would Timberline's maximum depreciation deduction be for 2021 assuming no bonus depreciation? Mam Depreciation Deaction (including S179 expensel $ 362,601 Check my work mode. This shows what is correct or incorrectlor the work you have completed so far. It does not indicate completion Return to question 8 Part 1 Don Required information The following information applies to the questions displayed below. Assume that Timberline Corporation has 2021 taxable income of $240,000 for purposes of computing the $179 expense. It acquired the following assets in 202t (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) An Purchase Date Dante Furniture 19-year) December ! $ 450.000 Computer equipoent (5-year) Tebruary 20 90,000 Copier (S-year) July 1s 30.000 Machinery 17-year) May 22 480,000 Total $ 1.050.000 c. What would Timberline's maximum depreciation deduction be for 2021f the machinery cost $3,500,000 instead of $480,000 and assuming no bonus depreciation? Answer is complete but not entirely correct. Maximum Depreciation Deduction including $170 Expo 517,005 . 20-Year 3.750 7219 6677 7:41 Year 1 Year 2 Year 3 Year 4 Years Year 6 Year 7 Year Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Depreciation Rate for Recovery Period 3-Year 3-Year 7-Year 10-Year 15-Year 33.33 2000 14.29% 10.00 5.00% 4445 32.00 24.49 18.00 9.50 145 19.20 17.49 1440 8.55 11.52 12:49 11.52 7.70 11.52 893 9.22 693 5.76 8.92 7:37 6.23 x99 635 5.90 6.55 5.50 6.56 5.91 6.55 3.90 3.28 5.91 5.90 6.177 5.713 5.245 4.88 4.522 4.462 4.461 4462 4:461 4462 4461 4462 4.461 4462 4.461 4462 4.461 2231 391 5.90 5.91 2.95 Year 6 TABLE Z MACRS M-Quarter Convention: Yor property placed in service during the first quarter Depreciation Rate for Recovery IV S-Year 7 Year Year 35.00 2500 Year 2 2600 21.43 Years 15.00 1511 Year 4 1101 1001 Years 1101 8.75 138 8.74 Year 7 Year 109 TABLE 26 MACRS Mid-Quarter Convation Pour power placed in servidores the compare Depreciation Rate for Recovery Period S-Year 7.Year Year 1 25.00% 175 Year 2 30.00 23:47 Year 18.00 16.76 Year 4 1137 1197 Year 5 11.37 XX7 Year 6 4.26 27 Year ** Year 334 TABLE 2 MACRS Mid-Quarter Convention: For property placed in service are hardware Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 15.00 10.714 Year 2 34.00 2531 Year 3 20.40 1822 4.35 Year 2 SO DO 2247 Year 3 18.00 16.76 Year 4 1137 11.97 Years 1137 887 Year 6 37 Year 7 8.87 Year TABLE 2 MACRS Mil-Quarter Conventions For property placed in severain the word guarie Depreciation Rate for Recovery Period 5-Year 7. Year Year 1 15.00 10.71 Year 2 34.00 2851 Year 20.40 18.22 Yeard 1234 13.02 Years 11. 9.30 Year 6 706 885 Year 886 Year 353 TABLE 24 MACRS-Mid Quarter Convention: For property placed on rice durinh she fourth quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 5.00% 3.57% Year 2 38.00 27.55 Year 3 22.80 19.68 Year 4 13.68 1406 Years 10.94 10.04 Mouth 1.3645 3636 1616 CETE 3.637 3636 3.637 3.636 E 3.617 E TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-278 Years Month Property Maced in Service Month 1 Mouth 2 Month 3 Month 4 Month Month 6 Month Year 1 3485 31829 2.8792 2.5766 2.2739 1.970 16674 Year 2.9 3636 1636 3636 3.636 3.636 3.636 Year 10 3.637 3.637 1637 1637 3,637 3637 3.636 Year 11 1.636 1636 3636 1.636 3.636 1636 1637 Year 12 1637 3.637 3.637 3.6.37 3.637 3637 3616 Year 13 3.636 3.636 3.636 3.636 3.616 3.636 3.637 Year 14 3637 1.637 3637 3.637 3637 3.637 3,636 Year 15 3636 3.636 3.636 3.636 3636 3.6.36 3.637 Year 16 3.617 3.637 3.637 3.637 3637 3636 Year 17 3.636 3636 3636 36.36 3.636 3.637 Year 18 3.637 3,637 1637 3.637 3637 1637 3.636 Year 19 3636 16.36 3636 3636 3696 3616 3.637 Year 20 3,637 3.617 3.637 3,637 3637 3645 Year 21 3.636 1.636 3.636 3.636 3696 3.636 3.637 Year 22 3.637 3.637 3637 3.637 3,637 3637 3.6M Year 23 3.636 3636 3636 3.636 3.646 3646 3.6.37 3.637 Year 24 3.637 3.637 3.637 3.637 3.636 3.637 Year 25 3.636 3.636 3636 3.636 3,636 3,636 3637 Year 26 3.637 3637 3637 3.637 3637 3.637 3.636 3.636 Year 27 3.636 3646 3.636 3.637 3636 3.636 197 Year 28 2273 2.576 2.879 3.182 3636 3.485 0.152 Year 29 LEVE 3.636 5.637 3.636 3.617 3636 1.637 Month Month 10 Month 11 Month 12 1061 0.75 0.4555 0.1524 3.616 3.636 3.636 1.636 3636 3.636 361 3.636 3637 3637 361 3636 3636 3.636 3.636 3,637 3617 3637 1637 3,636 3.636 3616 3.636 3.637 3.637 3.637 3,637 3.636 3.636 3636 3636 3.637 3.437 1637 3.636 3636 3.636 3.636 3637 3637 3637 3.637 3636 3636 3636 3636 3.637 3.637 3637 3637 3.6.36 3636 3.636 3,635 1617 3632 3.631 3637 3636 3.616 3636 3.636 3.637 3687 3.637 3.626 3.636 3.616 3.636 3.637 3,637 3637 3637 3636 3.646 3.636 3.636 0.758 1.061 1.364 1.667 3637 1616 - 3636 E 99 LETE LEVE 99 3636 HA 1617 3636 0,455 TT Month 10 06615 30175 SLIE 3175 SLIE 3.174 TABLE 4 Nonresidential Real Property Mid-Month Convention Straight Le-316 Years for at placed in rvice before May 13, 1993) Meath Property Maced in Senke Month 1 Month 2 Month 3 Month 4 Month Month 6 Year 1 3.0429 Month 7 Month Month 9 2.778% 2313 2.3495 1.72010 Year 2-7 1.455 1.1900 6.926 3.175 3.175 3.175 3.175 3.175 1.175 3.175 1.175 Year 3.175 3.174 3.125 3.174 3.173 3.174 3.175 3.175 1175 Year 9 1194 3.174 3.175 3.174 3.175 3.174 3.175 1.174 Year 10 3.175 3.174 3.175 3.174 3.175 3.174 5.125 3.174 3.175 Year 11 3.174 2.175 3.174 3.175 3.175 3.174 3.125 3.124 Year 12 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Year 13 3.174 3.175 3.174 3175 3.174 3.175 3.174 3.175 3.174 Year 14 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Year 15 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.125 3.174 Year 16 3.175 3.174 3273 3.174 3.175 3.174 1.175 3.174 3.175 Year 17 3.174 3.175 3.174 3.175 3.174 3.175 3.134 3.175 3.174 Year 18 1.175 3.174 3.173 3.174 3.175 3.174 3.175 3.174 1175 Year 19 3.174 3.175 3.174 2.175 3.174 3.175 3.174 3.175 3.174 Year 20 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Year 21 3.174 3.175 3.175 3.174 3.175 3.174 3.175 3.174 Year 22 3.175 3.174 3175 3.174 3.175 3.174 3.175 3.174 1.175 Year 23 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3115 3.174 Year 24 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Year 25 3.174 3.175 3.175 3.124 3.175 3.174 3.175 3.174 Year 26 3.175 3.174 3.175 3.174 3.175 3.174 3174 1.175 Year 27 3.174 3.175 3.174 3.175 3.174 3.174 3175 3.174 3.175 3.175 Year 28 3.174 3.174 3.134 3.175 3.175 3.175 3.174 Year 29 3.174 3.174 3.173 3.175 3.175 1.174 3.175 3174 3.175 1174 3.174 3.174 Year 10 3.135 3.17 3.175 3.125 3175 3.174 Year 31 3.175 3.175 3.174 3.175 3.174 3.174 3.174 3.175 Wan2 23 21 27 1.175 3.174 3.125 3.174 1.175 1.74 3.175 3.174 3.175 1.174 Math 11 0.397 3:175 3115 3174 3.175 3.194 3.115 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 1.175 3.174 3.175 3.174 Month 13 03125 3.175 3.175 3.175 3.17 3.195 3.114 3175 3174 3.175 3.174 3115 3.174 3.175 3.114 3.175 3.174 3.175 1194 3.175 SZIE 3.174 3.175 1174 3.175 3.174 PLIE PLE 2.175 SIE 3.175 1.174 3.175 3.174 1.175 3012 1.175 3.175 TLTE 1.175 1.174 3.125 3.174 3.175 NIE 3.175 3.174 SLI VE TET SEIT CUT POT Month 10 Math 11 0.661 3.125 3.125 Mint 12 0.1325 3.175 3.175 3.175 Year 1 Year 2-7 Year Year Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 SLTY Month 0.926% 3.175 3.175 1174 3.175 3174 3.379 3.174 Month 14554 3.175 3.175 3.178 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 Months 1.9847 3.175 3.175 3.174 3.175 3.174 3.175 3.174 1.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.172 3.175 3174 3.175 3.175 3.174 3.175 1.174 Month 1 3,042 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.173 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 1.174 3.175 3.174 Month 2 2778 3.175 3.174 3.173 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.125 1984 3.74 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 PLIE Months 1.1904 2.175 3.125 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.125 3.174 3.175 3.174 3.175 3174 SLTE Meath 3 2.313 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 5.174 2.249 Month 4 2.24 3.175 3.174 3.175 3.174 3:175 3.174 3.175 3.174 7.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.125 3174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 2513 Meth 6 1720% 3.175 1.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 2.125 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.11 3.175 3.174 3.175 3.174 3.175 3.042 3.175 sure SLIE E 0.397 3.175 3.175 3.174 3.175 3.174 3:175 3.174 3.175 3.174 3.175 3.174 3.175 3.114 3.175 3.174 1.175 3.174 3.173 3.174 3.195 3.174 3.175 3.174 1.175 1174 3.175 1.190 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 5.175 3.174 3.125 3.174 3.175 3.174 3.175 3.174 3.175 SITE 3.174 3.175 3.174 3.175 1174 3.175 3.174 3.175 3174 175 3.174 3.175 3.174 3.175 0.132 3.174 3.175 1.174 1175 3174 3.175 3.174 3.175 3.174 3.174 3.175 3274 3,175 3.174 3.125 3.174 3175 2174 3175 3174 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 20 Year 31 Year 32 Year 30 141 3.174 3.175 3.174 3.195 3.174 3.125 3.174 1.135 3.174 0.397 SEE 1.175 1.174 3.173 3.174 3.174 3.175 3.174 3175 SLIE 1.174 SLIE 3.174 3.175 3.174 1.720 2.77 _L 3.174 0.925 0.661 1155 TABLE 5 Nonresidential Real Property Mid- Month Convention Straight Line-39 Years for sets placed in service on or after May 13,1993) Month Property Placed in Service Month 1 Month 2 Month 3 Month 4 Month Menth 6 Month Month Month Year 2.4615 2014 20319 1819 1 I 19116 1.1775 0.9614 0.709 Year 2-39 2564 2564 2564 2564 2564 2564 2564 2564 Year 40 0.107 0.321 0535 0740 0961 1.17 1:39 105 1819 Month 10 0554 2.566 2013 Month 11 0.3215 2564 2249 Month 12 0.1073 2.554 2.461