58. 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:

Asset Purchase 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

a. What is the maximum amount of §179 expense Timberline may deduct for 2019? What is Timberline’s §179 carryforward to 2020, if any?

b. What would Timberline’s maximum depreciation deduction be for 2019 assuming no bonus depreciation?

c. What would Timberline’s maximum depreciation deduction be for 2019 if the machinery cost $3,000,000 instead of

$480,000 and assuming no bonus depreciation?