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Assume that Timberline Corporation has 2018 taxable income of $240,000 for purposes of computing the §179...

Assume that Timberline Corporation has 2018 taxable income of $240,000 for purposes of computing the §179 expense. It acquired the following assets in 2018: (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

Problem 10-58 Part b

b. What would Timberline’s maximum depreciation deduction be for 2018 assuming no bonus depreciation?

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