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Required information [The following information applies to the questions displayed below.) Assume that Timberline Corporation has 2020 taxable income of $252,000 for purposes of computing

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Required information [The following information applies to the questions displayed below.) Assume that Timberline Corporation has 2020 taxable income of $252,000 for purposes of computing the $179 expense. It acquired the following assets in 2020: (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 $ 462,000 102,000 42,000 492,000 $1,098,000 b. What would Timberline's maximum depreciation deduction be for 2020 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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