Required information

Problem $10-62($LO $10-2,$ LO $10-3)($Static$)$

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

Woolard Supplies $($a sole proprietorship$)$ has taxable income in $2023$ 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 $5.)$

Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.

Problem $10-62$ Part b $($Static$)$

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 $2023?$ What is Woolard's $$179$ carryforward amount to next year, if any?