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

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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 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

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