15

Part 1 of 4

0.3points

eBook

Print

References

Check my workCheck My Work button is now enabled

Item 15

Required information

Skip to question

[The following information applies to the questions displayed below.]

Lina purchased a new car for use in her business during 2022. The auto was the only business asset she purchased during the year, and her business was extremely profitable. Calculate her maximum depreciation deductions (including 179 expense unless stated otherwise) for the automobile in 2022 and 2023 (Lina doesn't want to take bonus depreciation for 2022 or 2023) in the following alternative scenarios (assuming half-year convention for all): (Use MACRS Table 1, Table 2, and Exhibit 10-10.)

c. The vehicle cost $50,000, and she used it 80 percent for business.

Year	depreciation deduction
2022
2022