Exercise 8-25 (Algorithmic) ( LO. 4) On April 5, 2022, Kinsey places in service a new automoblie that cost $65,000. He does not elect $179 expensing, and he elects not to take any available additional first-year depreciation. The car is used 95% for business and 5% 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 outomobile limitations: year 1;$10,200; year 2:$16,400. If required, round your final answers to the nearest dollar. Compute the total depreciation allowed for