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Required information [ The following information applies to the questions displayed below. ] Woolard Supplies ( a sole proprietorship ) has taxable income in 2

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[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.
\table[[Placed In],[Asset,Service,Basis],[Office furniture (used),March 20,$1,179,000
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