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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

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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 Table1, Table 2, and Exhibit 10-10.) b. The vehicle cost $80,000, and business use is 100 percent. Table 1 MACRS Half-Year Conventio TABLE 2b MACRS Mid-Quarter Convention: For proy TABL.E 2c MACRS Mid-Quarter Convention: For property placed in service during the thind quatier TABLE 2d MACRS-Mid Quarter Convention: For property placed in sentce during the fourth quarter

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