Required information [The following information applies to the questions displayed below.] 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. (Use MACRS Table 1, Table 2, Table 3, Table 4 and (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Woolard is concerned about future limitations on its $179 expense. How much $179 expense should Woolard expense this year if it ants to maximize its depreciation this year and avoid any carryover to future years