1. 1. On June 5, 2018, Roxy Company purchases a passenger auto for $60,000. Roxy does not take a Sec. 179 deduction and elects out of 100% bonus on all 5-year property. Compute tax depreciation for 2018-2025.
2. 2. A company car is used 60% for business and 40% for personal use. Annual tax depreciation is $16,000. Compute allowable depreciation if:

1. The car is owned by a corporation and driven by an employee.
2. The car is owned by Joan’s sole proprietorship and driven by employee Jim.
3. The car is owned by a sole proprietorship and driven by the owner.