Assume that Timberline Corporation has 2023 taxable income of $242,000 for purposes of computing the $179...

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Assume that Timberline Corporation has 2023 taxable income of $242,000 for purposes of computing the $179 expense. It acquired the following assets in 2023: (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 Basis $ 544,000 92,000 July 15 May 22 32,000 582,000 $ 1,250,000 c. What would Timberline's maximum depreciation deduction be for 2023 if the machinery cost $3,520,000 instead of $582,000 and assuming no bonus depreciation? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Maximum Depreciation Deduction (including 179 expense) Assume that Timberline Corporation has 2023 taxable income of $242,000 for purposes of computing the $179 expense. It acquired the following assets in 2023: (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 Basis $ 544,000 92,000 July 15 May 22 32,000 582,000 $ 1,250,000 c. What would Timberline's maximum depreciation deduction be for 2023 if the machinery cost $3,520,000 instead of $582,000 and assuming no bonus depreciation? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Maximum Depreciation Deduction (including 179 expense)