b. What would Timberlines maximum depreciation deduction be for 2018 assuming no bonus depreciation?

c. What would Timberlines maximum depreciation deduction be for 2018 if the machinery cost $3,180,000 instead of $498,000 and assuming no bonus depreciation?

Required informatio [The following information applies to the questions displayed below.] Assume that Timberline Corporation has 2018 taxable income of $258,000 for purposes of computing the 179 expense. It acquired the following assets in 2018: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Purchase Asset Date Basis Furniture (7-year) Computer equipment (5-year) Copier (5-year) Machinery (7-year) Total December468,000 108,000 48,000 498,000 $1,122,000 February 28 July 15 May 22 Required: a-1. What is the maximum amount of $179 expense Timberline may deduct for 2018? a-2. What is Timberline's S179 carryforward to 2019, if any? 51 79 expense $1 79 carryforward a- a-2 Required informatio [The following information applies to the questions displayed below.] Assume that Timberline Corporation has 2018 taxable income of $258,000 for purposes of computing the 179 expense. It acquired the following assets in 2018: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Purchase Asset Date Basis Furniture (7-year) Computer equipment (5-year) Copier (5-year) Machinery (7-year) Total December468,000 108,000 48,000 498,000 $1,122,000 February 28 July 15 May 22 Required: a-1. What is the maximum amount of $179 expense Timberline may deduct for 2018? a-2. What is Timberline's S179 carryforward to 2019, if any? 51 79 expense $1 79 carryforward a- a-2