I:10-39 Luxury Auto Limitations. Tracy acquires an automobile (MACRS 5-year recovery) on March 1, 2022. He uses the automobile 70% in his business and 30% for personal use.

The automobile cost $76,000. No amount is expensed under Sec. 179, and Tracy elects out of bonus depreciation.

a. What is depreciation for 2022 and each subsequent year?

b. How would your answer to Part a change if the vehicle were a SUV with a gross vehicle weight rated (GVWR) of over 6,000 pounds and Tracy elected to expense the SUV under Sec. 179?