Assume that Timberline Corporation has 2017 taxable income of $240,000 for purposes of computing the 179 expense. It acquired the following assets in 2017: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Purchase Asset 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 would Timberlines maximum depreciation expense be for 2017 if the furniture cost $2,000,000 instead of $350,000 and assuming no bonus depreciation?

TABLE 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period ear | 3-year | 5-year | 7-year | 10-year | 15-year | 20-year 33.33 4.45 14.81 7.41 20.00 32.00 19.20 11.52 11.52 5.6 123456789ong 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 |10.00 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.8 6.55 3.28 W 5.00 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 3.750 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 14 15 Ba