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answer all three parts (all three pictures) Required informetion [The following information applies to the questions dispiayed below] Assume that Timberline Corporation has 2023 taxable
answer all three parts (all three pictures)
Required informetion [The following information applies to the questions dispiayed below] Assume that Timberline Corporation has 2023 taxable income of $268,000 for purposes of computing the $179 expense. It acquired the following assets in 2023: (Use MACRS Table 1. Table 2. Table 3, Table 4, and Iable 5) Required: Q.1. What is the maximum amount of 5179 expense Timberline may deduct for 2023 ? Q.2. What is Timberline's $179 carryforward to 2024, if any? Required information [The following information applies to the questions displayed below.] Assume that Timberline Corporation has 2023 taxable income of $268,000 for purposes of computing the $179 expense. It acquired the following assets in 2023. (Use MACRS Table 1. Table 2. Table 3. Table 4, and Table 5) b. What wouid Timberline's maximum depreciation deduction be for 2023 assuming no bonus depreciation? Note: Round your intermediete calculations and final answer to the nearest whole dollar amount. Required information [The following information applies to the questions displayed below] Assume that Timberline Corporation has 2023 taxable income of $268.000 for purposes of computing the $179 expense it acquired the following assets in 2023. (Use MACRS Table 1. Table 2. Table 3. Table 4, and Table 5.) What would Timberline's maximum depreciation deduction be for 2023 if the machinery cost $3,780,000 instead of $552,000 and assuming no bonus depreciation? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount Step by Step Solution
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