Assume that Timberline Corporation has 2016 taxable income of $240,000 before the 179 expense.

Asset Purchase Date Basis

Furniture (7-year) December 1 $350,000

Computer Equipment (5-year) February 28 90,000

Copier (5-year) July 15 30,000

Machinery (7-year) May 22 480,000

Total $950,000

a. What is the maximum amount of 179 expense Timberline may deduct for 2016? What is Timberlines 179 carryforward to 2017, if any?

b. What would Timberlines maximum depreciation expense be for 2016 assuming no bonus depreciation?