Assume that Timberline Corporation has 2 0 2 3 taxable income of $ 2 6 0 ,

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Question:

Assume that Timberline Corporation has

2023

taxable income of $

260, 000

before the

179

expense.

Asset

Purchase Date

Basis

Furniture

(7 -

year

)

December

1

350, 000

Computer Equipment

(5 -

year

)

February

28

90, 000

Copier

(5 -

year

)

July

15

30, 000

Machinery

(7 -

year

)

May

22

480, 000

Total

950, 000

What is the maximum amount of

179

expense Timberline may deduct for

2023 ?

Posted Date: May 07, 2024 03:05 AM

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Assume that Timberline Corporation has 2 0 2 3 taxable income of $ 2 6 0 ,

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