Betty purchases a used $12,000 car in July 2017, to use exclusively in her business. She did not elect to expense (section 179) any of the vehicles value. 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:

2. Shellie purchased a passenger automobile on March 2, 2017. She paid $18,000 for the automobile and can support business use of 90 percent. Calculate the amount of depreciation on the automobile for 2017 using the accelerated MACRS method (if available), assuming Shellie does not make the election to expense (Section 179) or claim bonus depreciation.

3. Margaret purchased $1,000,000 of used construction equipment on June 1, and $9,000,000 of used construction equipment on December 31. Ignoring any income limitations, how much depreciation can Margaret claim related to the purchase of these assets this year?