In 2019, Lost Corporation acquires and places into service an automobile that it uses only for business purposes. Lost does not claim Sec. 179 expensing or bonus depreciation for the vehicle. Click the icon to view Luxury Automobile Depreciation limits.) (Click the icon to view MACRS half-year convention rates.) Read the requirement a. Lost purchases the automobile for $75,000. Compute Lost's depreciation deduction for 2019 and each subsequent year. Assume the half-year convention applies. Let's begin by calculating the depreciation through 2024. (Use MACRS rates to three decimal places, X.XXX%. Round all currency amounts to the nearest dollar.) Allowable Depreciation Year Deduction 2019 10,000 16.000 2020 2021 9,600 2022 5,760 5,760 2023 2024 4.320 For subsequent years, a $5,760 ceilling limitation applies until the automobile is fully depreciated. b. Lost purchases the automobile for $47,000. Compute Lost's depreciation deduction for 2019 and each subsequent year. Assume the half-year convention applies. (Use MACRS rates to three decimal places, XXXX%. Round all currency amounts to the nearest dollar.) Year 2019 2020 2021 2022 2023 2024 Allowable Depreciation Deduction