Assume that Timberline Corporation has 2021 taxable income of $240,000 for purposes of computing the 179 expense. It acquired the following assets in 2021: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

Asset	Purchase Date	Basis
Furniture (7-year)	December 1	$ 450,000
Computer equipment (5-year)	February 28	90,000
Copier (5-year)	July 15	30,000
Machinery (7-year)	May 22	480,000
Total		$ 1,050,000

b. What would Timberlines maximum depreciation deduction be for 2021 assuming no bonus depreciation?

c. What would Timberlines maximum depreciation deduction be for 2021 if the machinery cost $3,500,000 instead of $480,000 and assuming no bonus depreciation?