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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,
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 Table 1, Table 2, and Exhibit 10-10.) a. The vehicle cost $35,000, and business use is 100 percent (ignore $179 expense). Answer is complete and correct. 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 Table 1, Table 2, and Exhibit 10-10.) b. The vehicle cost $80,000, and business use is 100 percent. c. The vehicle cost $80,000, and she used it 80 percent for business. d. The vehicle cost $80,000, and she used it 80 percent for business. She sold it on March 1 of year 2 . \begin{tabular}{|c|c|} \hline Year & Depreciation deduction \\ \hline 2022 & \\ \hline 2023 & \\ \hline \end{tabular} f. The vehicle cost $80,000, and it is an SUV that weighs 6,500 pounds. Business use was 100 percent
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