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E $2,440. 18) Eddie LLC purchased an new car for $30,700 on August 6, 2019. What is Eddie's depreciation deduction for 2019? (Ignore any possible
E $2,440. 18) Eddie LLC purchased an new car for $30,700 on August 6, 2019. What is Eddie's depreciation deduction for 2019? (Ignore any possible Section 179 or bonus depreciation) (Use MACRS Table 1) A $10,000 C. $30,700 E $6.140. B. None of the choices are correct. D. $4,387 Table 1 MACRS Half-Year Convention 3-Year 20-Year Year 1 33.33% 3.750% Year 2 44.45 7.219 Depreciation Rate for Recovery Period 5-Year 7-Year 10 Year 15-Year 20.00% 14.29% 10.00% 5.00% 32.00 24.49 18.00 9.50 19.20 17.49 14.40 8.55 11.52 12.49 11.52 7.70 11.52 8.93 9.22 6.93 5.76 8.92 7.37 6.23 Year 3 14.81 Year 4 7.41 6.677 6.177 5.713 Year 5 Year 6 5.285 4.888 Year 7 8.93 6.55 5.90 Year 8 4.46 6.55 5.90 4.522 6.56 5.91 4.462 Year 9 Year 10 6.55 5.90 4.461 Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 5.91 4.462 Year 14 5.90 4.461 Year 15 5.91 4.462 Year 16 2.95 4.461 Year 17 Year 18 4.462 4.461 4.462 Year 19 4.461 Year 20 2.231 Year 21
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