a-1. What is the maximum amount of 179 expense Timberline may deduct for 2019?

a-2. What is Timberlines 179 carryforward to 2020, if any?

b. What would Timberlines maximum depreciation deduction be for 2019 assuming no bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)

c. What would Timberlines maximum depreciation deduction be for 2019 if the machinery cost $3,160,000 instead of $496,000 and assuming no bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)

Assume that Timberline Corporation has 2019 taxable income of $256,000 for purposes of computing the $179 expense. It acquired the following assets in 2019: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) 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 $ 466,000 106,000 46,000 496,000 $ 1,114,000