Assume that Timberline Corporation has 2019 taxable income of $240,000 for purposes of computing the $179 expense. It acquired the following assets in 2019: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Asset Furniture (7-year) Computer equipment (5-year) Copier (5-year) Machinery (7-year) Total Purchase Date December 1 February 28 July 15 May 22 Basis $ 450,000 90,000 30,000 480,000 $1,050,000 Problem 10-58 Part a Required: a-1. What is the maximum amount of $179 expense Timberline may deduct for 2019? a-2. What is Timberline's $179 carryforward to 2020, if any? $ 240,000 a-1. a-2. $179 expense $179 carryforward Problem 10-58 Part c c. What would Timberline's maximum depreciation deduction be for 2019 if the machinery cost $3,000,000 instead of $480,000 and assuming no bonus depreciation? Depreciation deduction (including $179 expense)