On April 5, 2023, Kinsey places in service a new automobile that cost $70,000. He does not elect 179 expensing, and he elects not to take any available additional first-year depreciation. The car is used 75% for business and 25% for personal use in each tax year. Kinsey uses the regular MACRS method of cost recovery (the auto is a 5-year asset). Click here to access the depreciation table to use for this problem. Compute the total depreciation allowed for: 2023: 2024: $ $ X X I 8.5 MACKS ACceleracea vepreclacion ror personal propert Mail - Ailar Esteva - Outlook https://outlook.live.com/mail/o/inbox If-Year Convention (Percentage Rates) *Switchover to straight-line depreciation