#### Description of this paper

##### 6.value: 2.00 points Problem 9-57 Assume that...

Description

Solution

Question

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

Paper#4619 | Written in 18-Jul-2015

Price : \$25