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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

Required information
[The following information applies to the questions displayed below.]
Assume that Timberline Corporation has 2023 taxable income of $264,000 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.)
Required:
a-1. What is the maximum amount of 179 expense Timberline may deduct for 2023?
a-2. What is Timberline's $179 carryforward to 2024, if any?
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