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Assume that Timberline Corporation has 2 0 2 3 taxable income of $ 2 8 6 , 0 0 0 for purposes of computing the
Assume that Timberline Corporation has taxable
income of $ for purposes of computing the $
expense. It acquired the following assets in : Use
MACRS Table Table Table Table and Table
Required:
a What is the maximum amount of $ expense Timberline may deduct
for
What is Timberline's $ carryforward to if any?
b What would Timberline's maximum depreciation deduction be for
assuming no bonus depreciation?
Note: Round your intermediate calculations and final answer to the nearest
whole dollar amount.
Maximum Depreciation Deduction including expense
c What would Timberline's maximum depreciation deduction be for if
the machinery cost $ instead of $ and assuming no bonus
depreciation?
Note: Round your intermediate calculations and final answer to the nearest
whole dollar amount.
There are three parts to this question! Please answer all three and I will rateupvote your answer. The quicker the better. Thanks!
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