Betty purchases a used $12,000 car in 2014, to use exclusively in her business.

a. What will the standard MACRS depreciation schedule be for the 6 years the auto is depreciated?

Year 1:

Year 2:

Year 3:

Year 4:

Year 5:

Year 6:

b. If Betty holds the car until it is fully depreciated, and uses straight-line depreciation, how many years will this take?