1-5 pls

The following information applies to questions 1-9: Audrey owns and operates her own pizza delivery business. Audrey bought a small car on July 1 , Year 1 for $25,000. She uses this car solely for business purposes. According to IRS tables, the depreciation factors applicable to this car are "Year 1: 20" and "Year 2..32." (Section 179 is not elected.) The fair market value of this car on January 1 , Year 2 was $17,000. In Year 1, and again in Year 2, Audrey, a single taxpayer, has AGI of $40,000, no property transactions and $9,000 of itemized deductions (attributable solely to interest paid on her home mortgage and to California tax payments), exclusive of the following. Each of the following is an hependent case. 1. By what amount, if any, does depreciation on this car in Yeer 4 reduce Audrey's Adjusted Gross Income in Year 1? 2. Assume instead that Audrey purchased this car on December 1, Year 1, instead of on July 1, Year 1. Relative to the amount of depreciation that Audrey would have been able to claim if she had purchased this car on July 1. Audrey's decision to delay this purchase until December 1 results in her depreciation deduction: a. Decreasing by 50% b. Decreasing by 66.7% (c.) Decreasing by 75% d. Decreasing to Zero e. Not changing C. Decreasing by 66.7% d. Decreasing by 75% d. Decreasing to Zero e. Not changing 3. Assume instead that Audrey purchased this car on February 1 , Year 1, instead of on July 1, Year 1. Relative to the amount of depreciation that Audrey would have been able to claim if she had purchased this car on July 1, Audrey's decision to make this purchase on February 1 results in her depreciation deduction: a. Increasing by 50% b. Increasing by 66.7% 4. Would Audrey have qualified to claim the Section 179 election on this car during Year 1? a. Definitely yes b. Definitely no c. Yes, if she had purchased the car on or before July 1 d. Yes, if she had purchased the car on or before November 1 Assuming that this car did qualify for the Section 179 election, what is the maximum deduction under Section 179 that Audrey could have claimed regarding this car in Year 1? The following information applies to questions 1-9: Audrey owns and operates her own pizza delivery business. Audrey bought a small car on July 1 , Year 1 for $25,000. She uses this car solely for business purposes. According to IRS tables, the depreciation factors applicable to this car are "Year 1: 20" and "Year 2..32." (Section 179 is not elected.) The fair market value of this car on January 1 , Year 2 was $17,000. In Year 1, and again in Year 2, Audrey, a single taxpayer, has AGI of $40,000, no property transactions and $9,000 of itemized deductions (attributable solely to interest paid on her home mortgage and to California tax payments), exclusive of the following. Each of the following is an hependent case. 1. By what amount, if any, does depreciation on this car in Yeer 4 reduce Audrey's Adjusted Gross Income in Year 1? 2. Assume instead that Audrey purchased this car on December 1, Year 1, instead of on July 1, Year 1. Relative to the amount of depreciation that Audrey would have been able to claim if she had purchased this car on July 1. Audrey's decision to delay this purchase until December 1 results in her depreciation deduction: a. Decreasing by 50% b. Decreasing by 66.7% (c.) Decreasing by 75% d. Decreasing to Zero e. Not changing C. Decreasing by 66.7% d. Decreasing by 75% d. Decreasing to Zero e. Not changing 3. Assume instead that Audrey purchased this car on February 1 , Year 1, instead of on July 1, Year 1. Relative to the amount of depreciation that Audrey would have been able to claim if she had purchased this car on July 1, Audrey's decision to make this purchase on February 1 results in her depreciation deduction: a. Increasing by 50% b. Increasing by 66.7% 4. Would Audrey have qualified to claim the Section 179 election on this car during Year 1? a. Definitely yes b. Definitely no c. Yes, if she had purchased the car on or before July 1 d. Yes, if she had purchased the car on or before November 1 Assuming that this car did qualify for the Section 179 election, what is the maximum deduction under Section 179 that Audrey could have claimed regarding this car in Year 1