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

a-1. What is the maximum amount of 179 expense Timberline may deduct for 2017?

a-2. What is Timberlines 179 carryforward to 2018, if any?

b. What would Timberlines maximum depreciation expense be for 2017 assuming no bonus depreciation?

c. 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?