Required information Problem 10-58 (LO 10-2, LO 10-3) The following information applies to the questions displayed below) Assume that Timberline Corporation has 2017 taxable income of $240,000 for purposes of computing the 5179 expense. It acquired the following assets in 2017: (Use MACRS Table 1, Iable 2. Table 3. Table 4 and Jable 5) Purchase Decenber 1 July 15 Banin 350,000 90,000 30,000 480,000 Asset Dat Furniture (7-year ) Computer equipment (S-year) February 2 Copier (5-year) Machinery (7-year) Total May 22 $ 950,000