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Required information The following information applies to the questions displayed below.) Assume that Timberline Corporation has 2020 taxable income of $256,000 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 $256,000 for purposes of computing the 5179 expense. It acquired the following assets in 2020: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Toble 5.) Purchase Asset Date Basis Furniture (7-year) December 1 $ 466,000 Computer equipment (5-year) February 28 106,000 Copier (5-year) July 15 46,000 Machinery (7-year) May 22 496,000 Total $1,114,000 c. What would Timberline's maximum depreciation deduction be for 2020 if the machinery cost $3,660,000 instead of $496,000 and ossuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum Depreciation deduction (including 5179 expense)

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