Required information [The following information applies to the questions displayed below.] Woolard...
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Required information 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: Do not round intermediate calculations. Round your intermediate calculations and final answers to the nearest whole dollar amount. b If Woolard elects the maximum amount of $ for the year, what is the amount of deductible $ expense for the year? What is the total depreciation that Woolard may deduct in What is Woolard's $ carryforward amount to next year, if any? 
Required information
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: Do not round intermediate calculations. Round your intermediate calculations and final answers to the nearest
whole dollar amount.
b If Woolard elects the maximum amount of $ for the year, what is the amount of deductible $ expense for the year? What is the
total depreciation that Woolard may deduct in What is Woolard's $ carryforward amount to next year, if any?
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