! Required information [The following information applies to the questions displayed below.] Assume that Timberline Corporation has 2022 taxable income of $240,000 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 Furniture (7-year) Computer equipment (5-year) Purchase Date December 1 February 28 Basis $ 450,000 90,000 Copier (5-year) July 15 Machinery (7-year) May 22 30,000 480,000 Total $ 1,050,000 Required: a-1. What is the maximum amount of 179 expense Timberline may deduct for 2022? a-2. What is Timberline's 179 carryforward to 2023, if any? Answer is complete but not entirely correct. a-1. Maximum 179 expense $ 240,000 a-2. Maximum 179 carryforward to 2023 $ 750,000