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Assume that Timberline Corporation has 2019 taxable income of $252,000 for purposes of computing the 179 expense.It acquired the following assets in 2019: (UseMACRSTable 1,Table

Assume that Timberline Corporation has 2019 taxable income of $252,000 for purposes of computing the 179 expense.It acquired the following assets in 2019: (UseMACRSTable 1,Table 2,Table 3,Table 4andTable 5.)

Asset purchase date basis

Furniture (7-year). dec 1 $462000

Computer equipment (5-year) feb 28 102000

Copier (5-year) july 15 42000

Machinery (7-year) may 22 492000

total: 1,098,000

  1. a-1.What is the maximum amount of 179 expense Timberline may deduct for 2019?=....
  2. a-2.What is Timberline's 179 carryforward to 2020, if any?=....

What would Timberline's maximum depreciation deduction be for 2019 assuming no bonus depreciation?(depreciation deduction including 179 expense)=....

What would Timberline's maximum depreciation deduction be for 2019 if the machinery cost $3,120,000 instead of $492,000 and assuming no bonus depreciation?(depreciation deduction including 179 expense)=....

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