Exercise 5-9 (Algorithmic) (LO. 8) On April 5, 2019, Kinsey places in service a new automobile that cost $50,750. He does not elect g 179 expensing, and he elects not to take any available additional first-year depreciation. The car is used 70% for business and 30% for personal use in each tax year. Kinsey chooses the MACRS 200 % declining-balance method of cost recovery (the auto is a 5-year asset). Click here to access the depreciation table to use for this problem. Assume the following luxury automobile limitations: year 1: $10,000; year 2: $16,000. If required, round your final answers to the nearest dollar. Compute the total depreciation allowed for: 2019: 2020: Previc aining Submit Assa Exit