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d)

Required information [The following information applies to the questions displayed below.] Lina purchased a new car for use in her business during 2022. The auto was the only business asset she purchased during the year, and her business was extremely profitable. Calculate her maximum depreciation deductions (including $179 expense unless stated otherwise) for the automobile in 2022 and 2023 (Lina doesn't want to take bonus depreciation for 2022 or 2023) in the following alternative scenarios (assuming half-year convention for all): (Use MACRS Table 1, Table 2, and Exhibit 10-10.) c. The vehicle cost $80,000, and she used it 80 percent for business. d. The vehicle cost $80,000, and she used it 80 percent for business. She sold it on March 1 of year 2 . Table 1 MACRS Half-Year Convention TABLE 2a MACRS Mid-Quarter Convention: For property placed in senvee during the first quarter TABLE 2b MACRS Mid-Quarter Convention: For property placed in service diring the second quarter TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the thind cuarter TABLE 2d MACRS-Mid Quarter Convention: For property placed in senvice during the fourth quarter EXHIBIT 10-10 Automobile Depreciation Limits "As of press date, the IRS had not released the 2022 limitations for automobiles, so throughout the chapter we use the xame limitations as in 2021 for 2022. "\$8,000 additional depreciation is allowed when bonus deprectation is claimed [$168(k)(2)(F)]