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[ The following information applies to the questions displayed below. ] Woolard Supplies ( a sole proprietorship ) has taxable income in 2 0 2
The following information applies to the questions displayed below.
Woolard Supplies a sole proprietorship has taxable income in of $ before any depreciation deductions $ bonus, or MACRS and placed some office furniture into service during the year. The furniture does not qualify for bonus depreciation. Use MACRS Table Table Table Table and Table
Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.
tablePlaced InOffice furniture usedService,Basis
a If Woolard elects $ of what is Woolard's total depreciation deduction for the year?
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