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Required information

$[$The following information applies to the questions displayed below.$]$

Woolard Supplies $($a sole proprietorship$)$ has taxable income in $2020$ of $$240,000$ before any depreciation deductions $($ $$179,$ bonus, or MACRS$)$ and placed some office furniture into service during the year. The furniture does not qualify for bonus depreciation. $($Use MACRS Table $1,$ Table $2,$ Table $3,$ Table $4$ and Table $5.)($Do not round intermediate calculations:

Round your answers to the nearest whole dollar amount.$)$

$\backslash$table$[[$Asset$,\backslash$table$[[$Placed In$],[$Service$],[$Office furniture $($used$)]],$March $20$ $$1,175,000$