Check my work Required information [The following information applies to the questions displayed below.] Assume that Timberline Corporation has 2020 taxable income of $252,000 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.) Asset Furniture (7-year) Computer equipment (5-year) Copier (5-year) Machinery (7-year) Total Purchase Date December 1 February 28 July 15 May 22 Basis $ 462,000 102,000 42,000 492,000 $1,098,000 c. What would Timberline's maximum depreciation deduction be for 2020 if the machinery cost $3,620,000 instead of $492,000 and assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum Depreciation deduction (including $179 expense)