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! Required information (The following information applies to the questions displayed below.] Assume that Timberline Corporation has 2021 taxable income of $274,000 for purposes of
! Required information (The following information applies to the questions displayed below.] Assume that Timberline Corporation has 2021 taxable income of $274,000 for purposes of computing the $179 expense. It acquired the following assets in 2021: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Asset Furniture (7-year) Computer equipment (5-year) Copier (5-year) Machinery (7-year) Total Purchase Date December 1 February 28 July 15 May 22 Basis $ 428,000 124,000 64,000 434,000 $ 1,050,000 b. What would Timberlines maximum depreciation deduction be for 2021 assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum Depreciation Deduction (including $179 expense)
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