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please answer based on 2021 30 06 ints Required information (The following information applies to the questions displayed below.) Woolard Supplies (a sole proprietorship) has

please answer based on 2021
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30 06 ints Required information (The following information applies to the questions displayed below.) Woolard Supplies (a sole proprietorship) has taxable income in 2021 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.) Asset office furniture (used) Placed In Service March 20 Basis $ 1,200,000 b. If Woolard elects the maximum amount of $179 for the year, what is the amount of deductible $179 expense for the year? What is the total depreciation that Woolard may deduct in 2021? What is Woolard's $179 carryforward amount to next year, if any? The Thank Answer is not complete. Deductible $179 expense $ 214,335 Total depreciation deduction $179 carryforward QWERTYUIO

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