Each situation is separate from the other. Be sure to consider bonus, Section 179, mid-year or midquarter depreciation. Show your work for partial credit. Find depreciation- be sure to watch dates. Indicate the depreciation recovery period and convention used with each asset.

1. New passenger luxury automobile- purchase price $55,000. June 10, 2022. No bonus or Section 179 depreciation. Find depreciation for 2022.

1a. Same passenger luxury automobile- Find depreciation for 2022 if they took Bonus depreciation.