Woolard Inc. has taxable income in 2016 of $150,000 before any depreciation deductions (§179, bonus, or MACRS) and acquired the following assets during the year:

Asset_________________________ Placed in Service_______Basis__

Office furniture (used) ..............March 20...................$600,000

a. If Woolard elects $50,000 of §179, what is Woolard's total depreciation deduction for the year?

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 thetotal depreciation expense that Woolard may deduct in 2016? What is Woolard's §179 carryforward to next year, if any?

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 to avoid any carryover to future years?