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Required information Skip to question [The following information applies to the questions displayed below.] Assume that Timberline Corporation has 2022 taxable income of $260,000 for

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[The following information applies to the questions displayed below.]

Assume that Timberline Corporation has 2022 taxable income of $260,000 for purposes of computing the 179 expense. It acquired the following assets in 2022: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

Asset Purchase Date Basis
Furniture (7-year) December 1 $ 414,000
Computer equipment (5-year) February 28 110,000
Copier (5-year) July 15 50,000
Machinery (7-year) May 22 476,000
Total $ 1,050,000

c. What would Timberline's maximum depreciation deduction be for 2022 if the machinery cost $3,700,000 instead of $476,000 and assuming no bonus depreciation?

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.

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