Problem $2-58($LO $2-2,$ LO $2-3)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Assume that Timberline Corporation has $2024$ taxable income of $$276,000$ for purposes of computing the $$179$ expense. It acquired the following assets in $2024$: $($Use MACRS Table $1,$ Table $2,$ Table $3,$ Table $4,$ and Table $5.)$

$\backslash$table$[[,$Asset,Purchase Date,Basis$],[$Furniture $(7-$year$),$December,$1,$$$530,000$