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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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[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.
\table[[,Placed In,],[Asset,Service,Basis],[Office furniture (used),March 20,$1,171,000
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