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Assume that Timberline Corporation has 2019 taxable income of $276,000 for purposes of computing the $179 expense. It acquired the following assets in 2019 Purchase

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Assume that Timberline Corporation has 2019 taxable income of $276,000 for purposes of computing the $179 expense. It acquired the following assets in 2019 Purchase Asset Date Basis Furniture (7-year) December 1 $ 486,000 Computer equipment (5-year) February 28 126,000 Copier (5-year) July 15 66,000 Machinery (7-year) May 22 516,000 Total $ 1,194,000 A. What is the maximum amount of $179 expense Timberline may deduct for 2019? B. What is Timberline's $179 carryforward to 2020, if any? C. What would Timberline's maximum depreciation deduction be for 2019 assuming no bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)

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