An asset (not an automobile) placed in service in June 2016 has a depreciable basis of $2,035,000, a recovery period of 5 years, and is the only asset placed in service during the year. Assuming bonus depreciation is used, a half-year convention, and the expensing election is made for themaximum eligibleamount, what is the amount of cost that can be deducted in 2016 assuming the business earned taxable income of $1,000,000 before deductingany cost recovery?

Max purchases a new auto in 2016 at a cost of $56,000.He uses the car 80% for business.Assuming a half-year convention, bonus depreciationbut no immediate expensing, what is the depreciation deduction on the auto?

*Please provide full calculation