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Maggie purchased a new computer (5-year properly) on August 1, 2016 for use in her sole proprietorship. This is her only purchase during 2016. The

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Maggie purchased a new computer (5-year properly) on August 1, 2016 for use in her sole proprietorship. This is her only purchase during 2016. The basis of the computer was $4, 400. Maggie used the computer in her business 60 percent of the time and used it for personal purposes the rest of the time during the first year. She did not elect to take any section 179 deduction with respect to this computer. Situation 6. Peter purchased a new automobile for $40, 000 on July 25, 2015 to use in his business. This was his only purchase in 2015. His business use percentage for 2015 was 75%. What is Peter's depreciation expense for 2015 if its business use percentage is 75 percent, he does not want to take any section 179 expense deduction

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