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Lina purchased a new car for use in her business during 2020. The auto was the only business asset she purchased during the year, and
Lina purchased a new car for use in her business during 2020. 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 2020 and 2021 (Lina doesn't want to take bonus depreciation for 2020 or 2021) in the following alternative scenarios(assuming half-year convention for all): (UseMACRSTable 1,Table 2, andExhibit 10-10.)
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