I got 15,060 but its not the answer. Need help

Maloney, Raabe, Young, Nellen, & Hoffman, CPAS 5191 Natorp Boulevard Mason, OH 45040 December 20, 2018 Mr. Dennis Harding 150 Avenue I Memphis, TN 38112 Dear Mr. Harding: I am writing in response to your request concerning the tax consequences of purchasing versus leasing an automobile. Our calculations are based on the data you provided in our telephone conversation If the automobile is purchased, the total cost recovery deductions for the five years will be $ 15,060 X. If the automobile is leased, lease payment deductions will total $ 22,500 . In addition, you also must include a total 884 in your gross income. If you need additional information or clarification of our calculations, please contact us. Sincerely yours, Ishita ). Jones, CPA Partner Check My Work Date Placed Fourth and In Service First Year Second Year Third Year Later Years 2018* $10,000 $16,000 $9,600 $5,760 2017 $ 3,160 $ 5,100 $3,050 $1,875 2012-2016 $ 3,160 $ 5,100 $3,050 $1,875 2010-2011 $ 3,060 $ 4,900 $2,950 $1,775 *The TCJA of 2017 significantly increased the annual limitations beginning in 2018. Because the 2019 indexed amounts were not available when we published, the 2018 amounts are used in the Examples and end-of-chapter problem materials. For Property Placed in Service after December 31, 1986: 27.5-Year Residential Real Property The Applicable Percentage Is (Use the Column for the Month in the First Year the Property is placed in Service) 3.485 3636 3.182 3.636 3.637 3.637 1.970 2.879 3.636 3.637 2.576 0.000 2.576 3.636 3.637 2.879 0.000 2.273 3.636 3.637 3.182 0.000 1.970 3.636 3.637 3.485 0.000 1.667 3.636 3.637 3.636 0.152 1.364 3.636 3.637 3.636 0.455 1.061 3.636 3.637 3.636 0.758 0.758 3.636 3.637 3.636 1.061 0.455 3.636 3.637 3.636 1.364 0.152 3.636 3.637 3.636 1.667 2.273 0.000 0.000 For Property Placed in Service after December 31, 1986, and before May 13, 1993: 31.5-Year Nonresidential Real Property Recovery The Applicable Percentage is (Use the Column for the Month in the First Year the Property is placed in Services Year(s) 10 2.51 2240 1.455 0.926 0.661 0.397 0.132 3.175 3.174 3.174 3.174 3.174 3.174 2278 042 3.175 3.175 0.000 0.000 0.000 0.000 0.000 0.397 0.661 1.984 3.175 3.174 3.174 0.000 For Property Placed in Service after May 12.1993: 39-Year Nonresidential Real Property MAIL Recovery The Applicable Percentage is (Use the Column for the Month in the First Year the Property is placed in Service): Year(s) 1.819 1.605 1.391 122 0.963 0.749 0.53 0.32 0.107 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.247 2.461 hibit 8.9 ADS Straight-Line for Real Property Assuming Mid-Month Convention (Percentage Rates) Iso used for residential rental property placed in service before 2018. For Property Placed in Service after Des tial Rental Pro 2912 2.639 250 0.972 3.33% 0.694 3.333 2.639 0412 0.694 2361 For Property Placed in Service after December 31, 1986:40-Year Nonresidential Real Property Recow Month Placed in Service 2 3 4 5 6 7 8 9 2396 2198 1979 1771 1563 1354 1.146 0.938 0.729 2.500 2.500 2.500 2.500 2.500 2.500 2.500 2.500 2.500 10 0.521 2.500 1.979 12 0.104 0.313 2.500 Maloney, Raabe, Young, Nellen, & Hoffman, CPAS 5191 Natorp Boulevard Mason, OH 45040 December 20, 2018 Mr. Dennis Harding 150 Avenue I Memphis, TN 38112 Dear Mr. Harding: I am writing in response to your request concerning the tax consequences of purchasing versus leasing an automobile. Our calculations are based on the data you provided in our telephone conversation If the automobile is purchased, the total cost recovery deductions for the five years will be $ 15,060 X. If the automobile is leased, lease payment deductions will total $ 22,500 . In addition, you also must include a total 884 in your gross income. If you need additional information or clarification of our calculations, please contact us. Sincerely yours, Ishita ). Jones, CPA Partner Check My Work Date Placed Fourth and In Service First Year Second Year Third Year Later Years 2018* $10,000 $16,000 $9,600 $5,760 2017 $ 3,160 $ 5,100 $3,050 $1,875 2012-2016 $ 3,160 $ 5,100 $3,050 $1,875 2010-2011 $ 3,060 $ 4,900 $2,950 $1,775 *The TCJA of 2017 significantly increased the annual limitations beginning in 2018. Because the 2019 indexed amounts were not available when we published, the 2018 amounts are used in the Examples and end-of-chapter problem materials. For Property Placed in Service after December 31, 1986: 27.5-Year Residential Real Property The Applicable Percentage Is (Use the Column for the Month in the First Year the Property is placed in Service) 3.485 3636 3.182 3.636 3.637 3.637 1.970 2.879 3.636 3.637 2.576 0.000 2.576 3.636 3.637 2.879 0.000 2.273 3.636 3.637 3.182 0.000 1.970 3.636 3.637 3.485 0.000 1.667 3.636 3.637 3.636 0.152 1.364 3.636 3.637 3.636 0.455 1.061 3.636 3.637 3.636 0.758 0.758 3.636 3.637 3.636 1.061 0.455 3.636 3.637 3.636 1.364 0.152 3.636 3.637 3.636 1.667 2.273 0.000 0.000 For Property Placed in Service after December 31, 1986, and before May 13, 1993: 31.5-Year Nonresidential Real Property Recovery The Applicable Percentage is (Use the Column for the Month in the First Year the Property is placed in Services Year(s) 10 2.51 2240 1.455 0.926 0.661 0.397 0.132 3.175 3.174 3.174 3.174 3.174 3.174 2278 042 3.175 3.175 0.000 0.000 0.000 0.000 0.000 0.397 0.661 1.984 3.175 3.174 3.174 0.000 For Property Placed in Service after May 12.1993: 39-Year Nonresidential Real Property MAIL Recovery The Applicable Percentage is (Use the Column for the Month in the First Year the Property is placed in Service): Year(s) 1.819 1.605 1.391 122 0.963 0.749 0.53 0.32 0.107 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.564 2.247 2.461 hibit 8.9 ADS Straight-Line for Real Property Assuming Mid-Month Convention (Percentage Rates) Iso used for residential rental property placed in service before 2018. For Property Placed in Service after Des tial Rental Pro 2912 2.639 250 0.972 3.33% 0.694 3.333 2.639 0412 0.694 2361 For Property Placed in Service after December 31, 1986:40-Year Nonresidential Real Property Recow Month Placed in Service 2 3 4 5 6 7 8 9 2396 2198 1979 1771 1563 1354 1.146 0.938 0.729 2.500 2.500 2.500 2.500 2.500 2.500 2.500 2.500 2.500 10 0.521 2.500 1.979 12 0.104 0.313 2.500