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For 2018 the answer is not 9835, 10538, and 21075. For 2019 the answer is not 15736, 16860, and 10237. On April 5, 2018, Kinsey

For 2018 the answer is not 9835, 10538, and 21075. For 2019 the answer is not 15736, 16860, and 10237.

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On April 5, 2018, Kinsey places in service a new automobile that cost $70,250. He does not elect 179 expensing, and he elects not to take any available additional first-year depreciation. The car is used 75% for business and 25% 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: 2018: 2019

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