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Required information [ The following information applies to the questions displayed below ] Assume that Timberline Corporation has 2 0 2 3 taxable income of

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Required information
[The following information applies to the questions displayed below]
Assume that Timberline Corporation has 2023 taxable income of $278,000 for purposes of computing the $179 expense. It acquired the following assets in 2023.(Use MACRS Table 1, Table 2. Table 3. Table 4, and Table 5.)
\table[[Asset,Purchase Date,Basis],[Furniture (7-year),December 1,$532,000
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