TABLES ATTACHED BELOW

TABLE 4 Nonresidential Real Property Mid-Month Convention Straight Line-31.5 Years (for assets placed in service before May 13, 1993) TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (for assets placed in service on or after May 13, 1993) Table 1 MACRS Half-Year Convention TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter [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. Problem 10-62 Part b (Static) b. If Woolard elects the maximum amount of 179 for the year, what is the amount of deductible $179 expense for the year? What is the total depreciation that Woolard may deduct in 2023? What is Woolard's $179 carryforward amount to next year, if any? TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-27.5 Years