Lina purchased a new car for use in her business during $2023.$ 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 $2023$ and $2024($Lina doesn't want to take bonus depreciation for $2023$ or $2024)$ in the following alternative scenarios $($assuming half$-$year convention for all$)$: $($Use MACRS Table $1,$ Table $2,$ and Exhibit $10-10.)$

Table $1$ MACRS Half$-$Year Convention

Depreciation Rate for Recovery Period

$3-$Year $5-$Year $7-$Year $10-$Year $15-$Year $20-$Year

Year $133\mathrm{.}33\%20\mathrm{.}00\%14\mathrm{.}29\%10\mathrm{.}00\%5\mathrm{.}00\%3\mathrm{.}750\%$

Year $244\mathrm{.}4532\mathrm{.}0024\mathrm{.}4918\mathrm{.}009\mathrm{.}507\mathrm{.}219$

Year $314\mathrm{.}8119\mathrm{.}2017\mathrm{.}4914\mathrm{.}408\mathrm{.}556\mathrm{.}677$

Year $47\mathrm{.}4111\mathrm{.}5212\mathrm{.}4911\mathrm{.}527\mathrm{.}706\mathrm{.}177$

Year $511\mathrm{.}528\mathrm{.}939\mathrm{.}226\mathrm{.}935\mathrm{.}713$

Year $65\mathrm{.}768\mathrm{.}927\mathrm{.}376\mathrm{.}235\mathrm{.}285$

Year $78\mathrm{.}936\mathrm{.}555\mathrm{.}904\mathrm{.}888$

Year $84\mathrm{.}466\mathrm{.}555\mathrm{.}904\mathrm{.}522$

Year $96\mathrm{.}565\mathrm{.}914\mathrm{.}462$

Year $106\mathrm{.}555\mathrm{.}904\mathrm{.}461$

Year $113\mathrm{.}285\mathrm{.}914\mathrm{.}462$

Year $125\mathrm{.}904\mathrm{.}461$

Year $135\mathrm{.}914\mathrm{.}462$

Year $145\mathrm{.}904\mathrm{.}461$

Year $155\mathrm{.}914\mathrm{.}462$

Year $162\mathrm{.}954\mathrm{.}461$

Year $174\mathrm{.}462$

Year $184\mathrm{.}461$

Year $194\mathrm{.}462$

Year $204\mathrm{.}461$

Year $212\mathrm{.}231$

TABLE $2$a MACRS Mid$-$Quarter Convention: For property placed in service during the first quarter

Depreciation Rate for Recovery Period

$5-$Year $7-$Year

Year $135\mathrm{.}00\%25\mathrm{.}00\%$

Year $226\mathrm{.}0021\mathrm{.}43$

Year $315\mathrm{.}6015\mathrm{.}31$

Year $411\mathrm{.}0110\mathrm{.}93$

Year $511\mathrm{.}018\mathrm{.}75$

Year $61\mathrm{.}388\mathrm{.}74$

Year $78\mathrm{.}75$

Year $81\mathrm{.}09$

TABLE $2$b MACRS Mid$-$Quarter Convention: For property placed in service during the second quarter

Depreciation Rate for Recovery Period

$5-$Year $7-$Year

Year $125\mathrm{.}00\%17\mathrm{.}85\%$

Year $230\mathrm{.}0023\mathrm{.}47$

Year $318\mathrm{.}0016\mathrm{.}76$

Year $411\mathrm{.}3711\mathrm{.}97$

Year $511\mathrm{.}378\mathrm{.}87$

Year $64\mathrm{.}268\mathrm{.}87$

Year $78\mathrm{.}87$

Year $83\mathrm{.}34$

TABLE $2$c MACRS Mid$-$Quarter Convention: For property placed in service during the third quarter

Depreciation Rate for Recovery Period

$5-$Year $7-$Year

Year $115\mathrm{.}00\%10\mathrm{.}71\%$

Year $234\mathrm{.}0025\mathrm{.}51$

Year $320\mathrm{.}4018\mathrm{.}22$

Year $412\mathrm{.}2413\mathrm{.}02$

Year $511\mathrm{.}309\mathrm{.}30$

Year $67\mathrm{.}068\mathrm{.}85$

Year $78\mathrm{.}86$

Year $85\mathrm{.}53$

TABLE $2$d MACRS$-$Mid Quarter Convention: For property placed in service during the fourth quarter

Depreciation Rate for Recovery Period

$5-$Year $7-$Year

Year $15\mathrm{.}00\%3\mathrm{.}57\%$

Year $238\mathrm{.}0027\mathrm{.}55$

Year $322\mathrm{.}8019\mathrm{.}68$

Year $413\mathrm{.}6814\mathrm{.}06$

Year $510\mathrm{.}9410\mathrm{.}04$

Year $69\mathrm{.}588\mathrm{.}73$

Year $78\mathrm{.}73$

Year $87\mathrm{.}64$

EXHIBIT $10-10$ Automobile Depreciation Limits

Recovery Year Year Placed in Service

$2023202220212020$

$112,200**11,200**10,200**10,100**$

$219,50018,00016,40016,100$

$311,70010,8009,8009,700$

$4$ and after $6,9606,4605,8605,760$

$**$$$8,000$ additional depreciation is allowed when bonus depreciation is claimed $[168($k$)(2)($F$)].$

a$.$ The vehicle cost $$36,600,$ and business use is $100$ percent $($ignore $179$ expense$).$

b$.$ The vehicle cost $$81,600,$ and business use is $100$ percent.

c$.$ The vehicle cost $$81,600,$ and she used it $80$ percent for business.

d$.$ The vehicle cost $$81,600,$ and she used it $80$ percent for business. She sold it on March $1$ of year $2.$

e$.$ The vehicle cost $$81,600,$ and she used it $20$ percent for business.

f$.$ The vehicle cost $$81,600$ and is an SUV that weighs $6,500$ pounds. Business use was $100$ percent.