Alexandra purchased a $56,000 automobile during 2021. The business use was 70 percent. What is the allowable depreciation for the current year? (Ignore any possible bonus depreciation.) (Use Exhibit 10-10.) Essay Toolbar navigation BIUS = = = > ky EXHIBIT 10-10 Automobile Depreciation Limits Year Placed in Service Recovery Year 2021* 2020 2019 1 10,100** 10,100** 10,100** 2018 10,000** 2 16,100 16,100 16,100 16,000 3 9,700 9,700 9,700 9,600 4 and after 5,760 5,760 5,760 5,760 *As of press date, the IRS had not released the 2021 limitations for automobiles, so throughout the chapter we use the same limitations as in 2020 for 2021. **$8,000 additional depreciation is allowed when bonus depreciation is claimed [168(k)(2)(F)]