Required information [The following information applies to the questions displayed below.] Assume that Timberline Corporation has 2021 taxable income of $244,000 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 $ 438,000 94,000 34,000 484,000 $ 1,050,000 Required: a-1. What is the maximum amount of $179 expense Timberline may deduct for 2021? a-2. What is Timberline's $179 carryforward to 2022, if any? a-1. Maximum $179 expense a-2. Maximum $179 carryforward Required information [The following information applies to the questions displayed below. Assume that Timberline Corporation has 2021 taxable income of $244,000 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 $ 438,000 94,000 34,000 484,000 $ 1,050,000 b. What would Timberline's 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) Required information [The following information applies to the questions displayed below.) Assume that Timberline Corporation has 2021 taxable income of $244,000 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 $ 438,000 94,000 34,000 484,000 $ 1,050,000 c. What would Timberline's maximum depreciation deduction be for 2021 if the machinery cost $3,540,000 instead of $484,000 and assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum Depreciation Deduction (including $179 expense)