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Assume that Timberline Corporation has 2 0 2 3 taxable income of $ 2 6 6 , 0 0 0 for purposes of computing the

Assume that Timberline Corporation has 2023 taxable income of $266,000 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.)
\table[[Asset,Purchase Date,Basis],[Furniture (7-year),December 1,$520,000
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