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Assume that Timberline Corporation has 2019 taxable income of $240,000 for purposes of computing the 179 expense. It acquired the following assets in 2019: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

	Purchase
Asset	Date		Basis
Furniture (7-year)	December 1	$	450,000
Computer equipment (5-year)	February 28		90,000
Copier (5-year)	July 15		30,000
Machinery (7-year)	May 22		480,000
Total		$	1,050,000

SO Since December 1st furniture is above the 40% mark don't we make it a Mid quarter convention instead of mid-convention, and where do you deduct the 179 expense at? Why do you deduct the 179 expense at that asset... These are personal questions I would like to know....also if you could answer it that would be great for accuracy.

b. What would Timberlines maximum depreciation deduction be for 2019 assuming no bonus depreciation?