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Assume that Timberline Corporation has 2020 taxable income of $274,000 for purposes of computing the $179 expense. It acquired the following assets in 2020: (Use

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Assume that Timberline Corporation has 2020 taxable income of $274,000 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 $ 484,000 124,000 64,000 514,000 $ 1,186,000 c. What would Timberlines maximum depreciation deduction be for 2020 if the machinery cost $3,840,000 instead of $514,000 and assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum Depreciation deduction (including $179 expense)

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