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Lina purchased a new car for use in her business during 2019. The auto was the only business asset she purchased during the year and

Lina purchased a new car for use in her business during 2019. The auto was the only business asset she purchased during the year and her business was extremely profitable. Calculate her maximum depreciation deductions (including 179 expense unless stated otherwise) for the automobile in 2019 and 2020 (Lina doesnt want to take bonus depreciation for 2019 or 2020) in the following alternative scenarios (assuming half-year convention for all): (Use MACRS Table 1, Table 2, and Exhibit 10-10.)

The vehicle cost $30,800 and business use is 100 percent (ignore 179 expense).

year depreciation
2019
2020

b. The vehicle cost $74,000, and business use is 100 percent.

year depreciation
2019
2020

c The vehicle cost $74,000, and she used it 80 percent for business.

year depreciation
2019
2020

d. The vehicle cost $74,000, and she used it 80 percent for business. She sold it on March 1 of year 2.

year depreciation
2019
2020

e. The vehicle cost $74,000, and she used it 20 percent for business.

year depreciation
2019
2020

f. The vehicle cost $74,000, and is an SUV that weighs 6,500 pounds. Business use was 100 percent.

year depreciation
2019
2020

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