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is one question A,B,C please answer correct Part 1 of 3 Required information The following information applies to the questions displayed below) Assume that Timberline

is one question A,B,C please answer correct
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Part 1 of 3 Required information The following information applies to the questions displayed below) Assume that Timberline Corporation has 2021 taxable income of $240,000 for purposes of computing the 5179 expense. It acquired the following assets in 2021: (Use MACRS Table 1, Table 2. Table 3. Table 4 and Table 5.) points Skipped Asset Purniture (7-year) Computer equipment (5-year) Copier (5-year) Machinery (7-year) Total Purchase Date December 1 February 28 July 15 May 22 Basis $ 450,000 90,000 30,000 480,000 $ 1.050,000 eBook Required: a-1. What is the maximum amount of $179 expense Timberline may deduct for 2021? a-2. What is Timberline's $179 carryforward to 2022, if any? a-1. Maximum $179 expense a-2 Maximum $179 carryforward to 2022 7 Part 2 of 3 Required information [The following information applies to the questions displayed below.) Assume that Timberline Corporation has 2021 taxable income of $240,000 for purposes of computing the 5179 expense. It acquired the following assets in 2021: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table5) 1 points Skipped Asset Furniture (7-year) Computer equipment (5-year) Copier (5-year) Machinery (7-year) Total Purchase Date December 1 February 20 July 15 May 22 Basis $ 450,000 90,000 30,000 480,000 $ 1,050,000 Book b. What would Timberline's maximum depreciation deduction be for 2021 assuming no bonus depreciation? Maximum Depreciation Deduction (including 5179 expanse) 8 3 of 3 Required information [The following information applies to the questions displayed below.) 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.) upped Asset Furniture (7-year) Computer equipment (5-year) Copier (5-year) Machinery (7-year) Total Purchase Date December 1 Pebruary 20 July 15 May 22 Basis $ 450,000 90,000 30,000 480,000 $ 1,050,000 Book c. What would Timberline's maximum depreciation deduction be for 2021 if the machinery cost $3,500,000 instead of $480,000 and assuming no bonus depreciation? Maximum Depreciation Deduction (including 5179 expense) 20-Year 3.750% 7.219 6.677 .177 5.713 5.285 4.888 Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year Year 1 33.33% 20.00% 14.29% 10.00% 5.00% Year 2 44.45 32.00 24.49 18.00 9.50 Year 3 14.81 19.20 17.49 14.40 8.55 Year 4 7.41 11.52 12.49 11.52 7.70 Year 5 11.52 8.93 9.22 6.93 Year 6 5.76 8.92 7.37 6.23 Year 7 8.93 6.55 5.90 Year 8 4.46 6.55 5.90 Year 9 6.56 5.91 Year 10 6.55 5.90 Year 11 3.28 5.91 Year 12 5.90 Year 13 5.91 Year 14 5.90 Year 15 5.91 Year 16 2.95 Year 17 Year 18 Year 19 Year 20 Year 21 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 PE TABLE 24 MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.000 25.00 Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 8.75 Year 6 1.38 8.74 Year 7 8.75 Year 8 1.09 TABLE 26 MACRS Mid-Quarter Convention: For properly placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7. Year Year 1 25.00% 17.85% Year 2 30.00 23:47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 Year 8 3.34 TABLE 2 MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 15.00% 10.7196 Year 2 34.00 25.51 Your 3 20.40 18.22 8.87 9.10 12 30.00 2147 Year 3 IR.CO 16.76 Year 4 11.17 1197 Years 11.37 882 Year 6 4.26 ST Year 7 RX7 Year 3.34 TABLE 2 MACRS Mid-Ouarter Convention for prowy placed on during the mind quarter Depreciation Rate for Recovery Period S. Year 7. Year Year! 15.00 10.714 Year 2 34.00 3551 Year 3 20.40 1822 Year 4 12.24 13.02 Years 11.30 Year 6 706 8.RS Year 7 8.86 Years SS3 TABLE 2d MACRS-Mid Quarter Convention For property placed in service during the fourth quarter Depreciation Rate for Recovery Period S-Year 7-Year Year 1 5.00% 3.575 Year 2 38.00 27.55 Year 3 19.68 Year 4 14.06 Year 5 10.04 Year 6 8.73 8.73 Year 7 7.64 Years 22.80 13.68 10.94 9.38 WSSPO E E 99 E LESE E E LEYE LEVE 3616 TABLE 3 Residential Rental Property Mid-Month Convention Straight Line --27.5 Years Month Property Placed in Service Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month Year 1 3.4859 3.1829 2.8299 2576% 2.2734 19701 1.6674 1.364 Year 2.9 3.636 3636 3.636 3.636 3.636 3636 3.636 3636 Year 10 3637 3637 1637 3.637 3637 3.637 3636 3635 Year 11 3636 3.636 3.636 3.636 3.636 3637 3637 Year 12 3.637 3632 3637 3.637 3637 3.676 3636 Year 13 3.636 3636 3.636 3636 3.636 3.636 3637 3.637 Year 14 3.637 3637 1637 3637 1637 3.637 3.636 3636 Year 15 3.0.16 3636 1.636 3.636 3.636 3.636 3637 1637 Year 16 3.637 1637 3637 3.637 3637 3.636 Year 17 3.636 3.636 3.636 3.636 3.616 3.636 3.637 Year 18 3.637 1637 3.637 3.637 3.637 3.637 3636 1.636 Year 19 3,636 3636 3.616 3.636 3636 3.637 3.637 Year 20 3.637 3.637 3.637 3.637 3.632 3.637 3.636 3.636 Year 21 3.636 1636 3.636 3636 3.636 3.636 3.637 3617 Year 22 3.637 3,637 3.637 3.637 3.637 3636 3.636 Year 23 3.636 3.636 3.636 3636 3.636 3.616 3,637 3.637 Year 24 3.637 3.637 3.637 3637 3637 3636 3.636 3.636 3636 Year 25 3.636 3636 3636 3637 3617 3637 Year 26 3,637 3637 3.637 3637 3.636 3637 3646 3616 3616 3.636 3.636 3637 3616 Year 27 3.617 3616 2.273 197 Year 28 1616 3.45 3.182 2879 2.576 0.152 0.455 Year 29 E LETE . Month 9 Month 10 Month 11 Month 12 1.0619 0.758 0.152 3.636 3.63 3636 3616 3636 3.636 3616 3.636 3,637 3.637 3.632 3637 3.636 3.636 3.616 166 3.637 3637 3.637 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.617 3.637 3.637 3.637 3636 3.636 3.636 3.6.16 3637 3.637 3637 3616 3.636 3.6.15 3.637 3637 3.637 3.637 3636 3.636 3615 3.636 3637 3637 3687 3.636 3636 3616 3646 3617 3.637 3637 3617 3.636 3616 3.616 3636 3637 3637 3637 3.636 3636 3.636 1616 1061 1,364 1667 99 3612 9591 LETE LEY 361 3639 III 3636 --- E 0.758 Month 10 Math 11 WSSI 1190 BUCO Month 12 0.132 3175 3.125 SCHE 6 SCIE 3.173 3.15 3.194 1.195 3.174 3.125 3.195 1175 3.174 3.178 3:17 3195 3.114 3.15 PIE SLIE SURE SIE 3.194 1115 3.19 3179 3.194 1.174 3.175 3.174 3.125 3174 PIX 14 LIE SLTE SLE SLIC TABLE4 Nonresidential Real Property Mid-Month Convention Straight Line-31.3 Years placed in rifere May 13, 1993) Month Property Maced in Service Month 1 Month 2 Month Meath Months Month 6 Month Month Month Year 1 301420 2.7785 2.511 22494 1.9845 1.7203 1.44557 1.19 0930 Year 2.7 3.175 3.175 3.175 3.175 3175 1.175 3.175 3.175 Year 7175 1174 3.175 3.174 1.125 3.174 3.175 3.175 3.175 Yvary 3.17 1.175 1.124 3195 1.194 3.174 3.135 1.174 Year 10 3.175 3.174 3.113 3.170 3.75 3.194 1.195 3.174 3.175 Year 11 194 3.175 1,774 3.174 3.175 3.174 1.175 1.174 Year 12 3.175 3.174 3.175 3.174 1.125 3114 17 3.194 Year 13 3.174 3.175 3.174 3.175 174 3.175 3.194 3.175 3.174 Year 14 3.175 3.174 3.175 3.174 3.175 3.14 3.75 3.114 3.175 Your 18 3:174 1175 3.174 3.175 3.174 3.175 3.175 1.174 Year 16 3.175 3.174 3.125 2.1 3.175 1.194 2195 3.174 3175 Year 17 3174 3.175 3.174 3.125 3.174 3.195 3.174 3.174 Year IN 3175 3.174 3.175 3.174 3.175 3.174 195 3.174 3.175 Year 19 3.174 3.175 3.174 3.179 3.174 3.175 3174 3.125 3174 Year 20 3.175 3.194 3.175 3.174 3.175 2.174 3.175 3.174 3.195 Year 21 3.174 3.175 3.174 3.175 1.174 3.175 3.IN 3.125 3.176 Year 22 3175 1.174 3.175 3.194 3.175 3.174 3.174 3.175 Year 23 3174 1.175 3.174 3.175 3.174 3.175 3.174 3.17 Year 24 1.175 3.174 3.175 3194 3.175 3.174 3.125 3.194 3.175 Year 25 1174 2.175 3.174 3.175 174 3.195 3.174 3.175 3.134 Year 26 3174 3.175 3.175 3.174 3.1975 3.174 3175 Year 27 3.174 3.125 3.175 3.174 1.174 3.175 3.174 3.174 JITS 3.175 Year 26 3.125 3.174 3174 3.175 3.174 3.174 3.175 3.175 3.175 3.74 3.175 Year 29 3.174 3.135 3.174 3.175 3.174 Year 30 3.175 3.175 3 174 3.174 3.175 3.195 3.174 3.174 3.195 3.174 Year 31 3.174 3.175 3.174 3174 3.175 3.175 3175 3.174 121 12 12 170 LOL 3.114 3.175 3.174 E 3.174 3.175 3.174 7.175 3.174 3.175 3.174 3.175 3.194 3.175 3194 1.175 1194 2175 2007 1174 3.125 1174 3.175 3.174 3.173 3.114 SLIE 3.175 3.174 3.124 3.175 3.174 1.175 1.174 3.15 3.174 2.15 3174 3.175 3 SLIE 1.114 3.175 3.174 3175 3.194 3.174 SH 3.175 3.174 TIC 3.175 SLIE IE DIE 3.175 3.175 1.174 TE 3.175 BE 3.175 PLE CARE PIE SZTE VIE SLIE 3.175 3.175 3.174 3.175 SLIE NIE SLIE TLS SETE SLIC TE SLI'S 3.175 3.175 TIE 3.175 3.174 3.175 ALES 3,175 PLE SIE PIE 3.175 3.174 3.175 3.174 PIE SLTE PIE SZIE 3.174 3.175 1.174 3.175 3.174 3.175 PLE SLIE 3.175 3.174 3.175 3.174 3.175 DIE SLIE NIE 3.174 ULTE SLEE SLIE HIE szre 3.174 3.175 SLIE DETE 3.174 3.175 3.175 3.174 TES 9 SLI PIE LIS 3.175 3114 3.174 3.175 3.174 31175 SLIE 3.174 SIC PTE 3175 Sere 3.175 PLIE 3.175 3.174 SIE PLE SETE 3.175 PLE PIC PETE SLIE PLE 3.175 3.174 3.175 LIE Sure 3.174 3.175 3.174 3.175 PIE 3.175 3.174 3.175 3.174 3.173 3.174 3.175 3.175 3.175 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30 Year 31 Year 32 Year 33 PIE SLIK PETE Sur SLI'S LE SIE TUTE SLEE PLE SCE TTC SLIE PIC 3.174 3.175 3.174 3.175 3.174 3125 3.175 3.174 3.175 3.174 3.125 3.174 3.175 3.174 3.175 3.174 3.175 PLIE 3.175 PES 3.175 3.174 3.175 PIE SLIE TE SETE re SLIT VETE 3.175 3.174 3.175 PATE 3:17 SIIS 3.175 3.175 DIE 3.175 TEIE 3.174 3.174 3.125 3.174 PIE SZTE 3.174 3.175 3.175 3.174 PIE SETE TIE SETE 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 PIE SLIE PERE 3.175 3.174 TE Sur PLE SZTE SLTE NIE SZTE 3.174 3.175 3.175 3.174 3.175 STE 3.174 30175 LE 3.174 3.175 3.174 3.175 LIE 3.174 3.175 3.124 3.175 3.174 3.175 1.174 3.175 sure TE 3.175 3.174 3.175 3.175 3.174 TETE SLTE TUTE SLIE LIE Sere 3124 1.175 3.174 3.175 3042 3.175 3174 3.174 PIE LIE SIC SETE PIC CLIE 3.174 3.175 3.174 3.175 0.661 LIE PE 3.175 3.175 2513 3.174 2.249 3.175 3.174 3.175 0.132 SLIE TE 3.175 1.720 161 2.778 3.174 6.926 PIC SSTI 0.397 06 Month 11 TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line 9 Years for assets placed in service on or after May 13, 1993) Month Property Placed in Service Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Meeth 7 Month Month Year 1 2.4615 2.2479 2.0339 18199 1.6059 1.391% 1.177 0.963 0.795 Year 2-39 2.564 2564 2.566 2564 2561 2564 2564 2564 2564 Year 40 0.107 0.321 0535 0.749 0.963 1391 1605 1.819 Month 10 0535 2564 2003 0.3215 2564 2247 Month 12 0.1073 2564 201

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