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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.
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 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
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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...

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