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Assume that Timberline Corporation has 2017 taxable income of $185,000 before the 179 expense. Asset Purchase Date Basis Furniture (7-year) December 1 $350,000 Computer Equipment
Assume that Timberline Corporation has 2017 taxable income of $185,000 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 |
What is the maximum amount of 179 expense Timberline may deduct for 2017?
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