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! Required information [ The following information applies to the questions displayed below. ] Woolard Supplies ( a sole proprietorship ) has taxable income in

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Required information
[The following information applies to the questions displayed below.]
Woolard Supplies (a sole proprietorship) has taxable income in 2022 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: Do not round intermediate calculations. Round your intermediate calculations and final answers to the nearest
whole dollar amount.
c. Woolard is concerned about future limitations on its $179 expense. How much $179 expense should Woolard expense this year if it
wants to maximize its depreciation this year and avoid any carryover to future years?
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