Assume that Timberline Corporation has 2023 taxable income of $240,000 for purposes of computing the 179 expense. It acquired the following assets in 2023: (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.) Asset Purchase Date Basis Furniture (7-year) December 1 $ 550,000 Computer equipment (5-year) February 28 90,000 Copier (5-year) July 15 30,000 Machinery (7-year) May 22 580,000 Total $ 1,250,000 Problem 10-58 Part b (Static) b. What would Timberline's maximum depreciation deduction be for 2023 assuming no bonus depreciation