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Lina purchased a new car for use in her business during 2 0 2 3 . The auto was the only business asset she purchased

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 133.33%20.00%14.29%10.00%5.00%3.750%
Year 244.4532.0024.4918.009.507.219
Year 314.8119.2017.4914.408.556.677
Year 47.4111.5212.4911.527.706.177
Year 511.528.939.226.935.713
Year 65.768.927.376.235.285
Year 78.936.555.904.888
Year 84.466.555.904.522
Year 96.565.914.462
Year 106.555.904.461
Year 113.285.914.462
Year 125.904.461
Year 135.914.462
Year 145.904.461
Year 155.914.462
Year 162.954.461
Year 174.462
Year 184.461
Year 194.462
Year 204.461
Year 212.231
TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter
Depreciation Rate for Recovery Period
5-Year 7-Year
Year 135.00%25.00%
Year 226.0021.43
Year 315.6015.31
Year 411.0110.93
Year 511.018.75
Year 61.388.74
Year 78.75
Year 81.09
TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter
Depreciation Rate for Recovery Period
5-Year 7-Year
Year 125.00%17.85%
Year 230.0023.47
Year 318.0016.76
Year 411.3711.97
Year 511.378.87
Year 64.268.87
Year 78.87
Year 83.34
TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter
Depreciation Rate for Recovery Period
5-Year 7-Year
Year 115.00%10.71%
Year 234.0025.51
Year 320.4018.22
Year 412.2413.02
Year 511.309.30
Year 67.068.85
Year 78.86
Year 85.53
TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter
Depreciation Rate for Recovery Period
5-Year 7-Year
Year 15.00%3.57%
Year 238.0027.55
Year 322.8019.68
Year 413.6814.06
Year 510.9410.04
Year 69.588.73
Year 78.73
Year 87.64
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.

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