Assume that Timberline Corporation has 2024 taxable income of
$240,000
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.) b. What would Timberline's maximum depreciation deduction be for 2024 assuming no bonus depreciation? Answer is complete but not entirely correct.

Question

Assume that Timberline Corporation has 2024 taxable income of

$240,000

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.) b. What would Timberline's maximum depreciation deduction be for 2024 assuming no bonus depreciation? Answer is complete but not entirely correct.

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