In March 2021, Jones Company purchased a Mercedes for use in its business at a cost of $73,000. Required: Assuming no bonus depreciation or Section 179 deduction, calculate the allowable tax depreciation on this asset for 2021, 2022, and 2023. Use Table 7-1 and Table 7-2. Use the below table for annual depreciation deduction for year 2021 to 2024: 2021 2022 2023 2024 and subsequent years 2021 depreciation 2022 depreciation 2023 depreciation Amount $ 10,200 16,400 9,800 5,860