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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 2023 taxable
income of $286,000 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.)
Required:
a-1. What is the maximum amount of $179 expense Timberline may deduct
for 2023?
a-2. What is Timberline's $179 carryforward to 2024, if any?
b. What would Timberline's maximum depreciation deduction be for 2023
assuming no bonus depreciation?
Note: Round your intermediate calculations and final answer to the nearest
whole dollar amount.
Maximum Depreciation Deduction (including 179 expense)
c. What would Timberline's maximum depreciation deduction be for 2023 if
the machinery cost $3,960,000 instead of $498,000 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 rate/upvote your answer. The quicker the better. Thanks!
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