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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. (UseMACRSTable 1,Table 2,Table 3,Table 4andTable 5.)(Do not round intermediate calculations. Round your answers to the nearestwholedollar amount.)

AssetPlaced In ServiceBasisOffice furniture (used)March 20$1,200,000

a.If Woolard elects $50,000 of 179, what is Woolard's total depreciation deduction for the year?