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Lina purchased a new car for use in her business during 2022 . The auto was the only business asset she purchased during the year,

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Lina purchased a new car for use in her business during 2022 . 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 2022 and 2023 (Lina doesn't want to take bonus depreciation for 2022 or 2023 ) in the following alternative scenarios (assuming half-year convention for all): (Use MACRS Table1. Table 2, and Exhibit 10-10.) Problem 10-67 Part a (Algo) a. The vehicle cost $31,000, and business use is 100 percent (ignore $179 expense). b. The vehicle cost $75,000, and business use is 100 percent. c. The vehicle cost $75,000, and she used it 80 percent for business

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