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47. LO.2, 3, 4 On March 15, 2018, Helen purchased and placed in service a new Esca- lade. The purchase price was $62,000, and the

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47. LO.2, 3, 4 On March 15, 2018, Helen purchased and placed in service a new Esca- lade. The purchase price was $62,000, and the vehicle had a rating of 6,500 GVW. The vehicle was used 100% for business. Assuming that Helen does not use additional first-year depreciation, calculate the total depreciation deduction that she can take on the vehicle for 2018. What would your answer be if Helen decided to take additional first-year depreciation? a. b

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