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need asap Tamika Meer purchased a new car for use in her business during 2022 for $75,000. The auto was the only business asset she

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Tamika Meer purchased a new car for use in her business during 2022 for $75,000. The auto was the only business asset she purchased during the year, and her business was very profitable. Calculate Tamika's maximum depreciation deductions for the automobile in 2022 and 2023 under the following scenarios: (Use MACRS Table 1. Table 2 and Exhibit 10-10) Required: a. Tamika does not want to take $179 expense and she elects out of bonus depreciation. b. Tamika wants to maximize her 2022 and 2023 depreciation using bonus depreciation. Tamika does not want to take 179 expense and she elects out of bonus depreciation Tamika Meer purchased a new car for use in her business during 2022 for $75,000. The auto was the only business asset sh purchased during the year, and her business was very profitable. Calculate Tamika's maximum depreciation deductions for the automobile in 2022 and 2023 under the following scenarios: (Use MACRS Table 1, Table 2 and Exhibit 10-10) Required: a. Tamika does not want to take 179 expense and she elects out of bonus depreciation. b. Tamika wants to maximize her 2022 and 2023 depreciation using bonus depreciation. Answer is not complete. Tamika wants to maximize her 2022 depreciation using bonus depreciation. Tamika Meer purchased a new car for use in her business during 2022 for $75,000. The auto was the only business asset she purchased during the year, and her business was very profitable. Calculate Tamika's maximum depreciation deductions for the automobile in 2022 and 2023 under the following scenarios: (Use MACRS Table 1. Table 2 and Exhibit 10-10) Required: a. Tamika does not want to take $179 expense and she elects out of bonus depreciation. b. Tamika wants to maximize her 2022 and 2023 depreciation using bonus depreciation. Answer is not complete. Tamika wants to maximize her 2023 depreciation using bonus depreciation. Table 1 MACRS Half-Year Convention TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter EXHIBIT 10-10 Automobile Depreciation Limits *As of press dote, the IRS had not releosed the 2022 limitotions for automobiles, so throughout the chapter we use the some limitations as in 2021 for 2022. * $8,000 odditional depreciation is ollowed when bonus depreciotion is claimed ($168(k)(2)(F))

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