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Woolard Supplies (a sole proprietorship) has taxable income in 2019 of $240,000 before any depreciation deductions (179, bonus, or MACRS) and placed some office furniture

Woolard Supplies (a sole proprietorship) has taxable income in 2019 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.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)

Asset Placed In Service Basis
Office furniture (used) March 20 $ 1,200,000

rev: 11_13_2019_QC_CS-190050

c. Woolard is concerned about future limitations on its 179 expense. How much 179 expense should Woolard expense this year if it wants to maximize its depreciation this year and avoid any carryover to future years?

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