Question: Required information Problem 2-58 (LO 2-2, LO 2-3) (Algo) [The following information applies to the questions displayed below.] Assume that Timberline Corporation has 2022 taxable

Required information Problem 2-58 (LO 2-2, LO 2-3) (Algo) [The following

Required information Problem 2-58 (LO 2-2, LO 2-3) (Algo) [The following information applies to the questions displayed below.] Assume that Timberline Corporation has 2022 taxable income of $252,000 for purposes of computing the $179 expense. It acquired the following assets in 2022: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Problem 2-58 Part a (Algo) Required: a-1. What is the maximum amount of 179 expense Timberline may deduct for 2022 ? a-2. What is Timberline's 179 carryforward to 2023 , if any

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