Assume that Timberline Corporation has 2020 taxable income of $280,000 for purposes of computing the 179 expense. It acquired the following assets in 2020: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

	Purchase
Asset	Date		Basis
Furniture (7-year)	December 1	$	490,000
Computer equipment (5-year)	February 28		130,000
Copier (5-year)	July 15		70,000
Machinery (7-year)	May 22		520,000
Total		$	1,210,000

1. a-1. What is the maximum amount of 179 expense Timberline may deduct for 2020?

2. a-2. What is Timberlines 179 carryforward to 2021, if any?

b. What would Timberlines maximum depreciation deduction be for 2020 assuming no bonus depreciation?

c. What would Timberlines maximum depreciation deduction be for 2020 if the machinery cost $3,900,000 instead of $520,000 and assuming no bonus depreciation?