Essentials of Federal Income Taxation (13. Luxury Automobiles. (Obj. 3) Charlotte purchased a new car on March 1, 2013, for $40,000 and uses it 80% of the time for business purposes. Prepare a schedule that shows the maximum depreciation she will be entitled to take in each of the years 2013 through 2019, assuming that she uses the automobile 80% of the time for business each year, and the half year convention applies to all 2013 purchases of personal property. 14. Luxury Automobiles. (Obj. 3) On September 13, 2019, Debi places in service a new car costing $25,000 (her only acquisition during the year). She uses the car 90% of the time for business. Compute Debis maximum bonus deduction for 2019