View the step-by-step solution to:

# 6. value: 2.00 points Problem 9-57 Assume that Timberline Corporation has 2012 taxable income of \$100,000 before the 179 expense (assume no bonus

6.value:
2.00 points
Problem 9-57
Assume that Timberline Corporation has 2012 taxable income of \$100,000 before the §179 expense (assume no bonus depreciation).

Asset Purchase Date Basis
Furniture (7-year) December 1 \$ 200,000
Computer equipment (5-year) February 28 \$ 90,000
Copier (5-year) July 15 \$ 30,000
Machinery (7-year) May 22 \$ 180,000

Total \$ 500,000

a.
What is the maximum amount of §179 expense Timberline may deduct for 2012? (Omit the "\$" sign in your response.)

§179 expense \$

b.

Depreciation expense (including §179 expense) \$

c.
What would Timberline’s maximum depreciation expense be for 2012 if the furniture cost \$600,000 instead of \$200,000? (Omit the "\$" sign in your response.)

Depreciation expense (including §179 expense) \$
check my workreferencesebook & resources

6. value: 2.00 points Problem 9-57 Assume that Timberline Corporation has 2012 taxable income of \$100,000 before the §179 expense (assume no bonus depreciation). Asset Purchase Date Basis Furniture (7- year) December 1 \$ 200,000 Computer equipment (5- year) February 28 \$ 90,000 Copier (5- year) July 15 \$ 30,000 Machinery (7- year) May 22 \$ 180,000 Total \$ 500,000 a. What is the maximum amount of §179 expense Timberline may deduct for 2012? (Omit the "\$" sign in your response.) §179 expense \$ b. What would Timberline's maximum depreciation expense be for 2012? (Omit the "\$" sign in your response.) Depreciation expense (including §179 expense) \$ c. What would Timberline’s maximum depreciation expense be for 2012 if the furniture cost \$600,000 instead of \$200,000? (Omit the "\$" sign in your response.) Depreciation expense (including §179 expense) \$ check my work references ebook & resources

6.
value: 2.00 points Problem 9-57
Assume that Timberline Corporation has 2012 taxable income of \$100,000 before the §179 expense
(assume no bonus depreciation).
Asset
Purchase Date
Furniture...

### Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

### -

Educational Resources
• ### -

Study Documents

Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

Browse Documents