On July $1,2020,$ Brent purchases a new automobile for $$40,000.$ He uses the car $80\%$ for business and drives the car for business purposes as follows: $8,000$ miles in $2020,19,000$ miles in $2021,20,000$ miles in $2022,$ and $15,000$ miles in $2023.$

Determine Brent's basis in the business portion of the auto as of January $1,2024,$ under the following assumptions:

If required, round answers to the nearest dollar.

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a$.$ Brent uses the automatic mileage method.

Compute his basis adjustments for depreciation for each year. Click here to access the basis adjustment table.

$2020$: $fill in the blank a$4$ed$970$a$5046$fb$4\_1$

$2021$: $fill in the blank a$4$ed$970$a$5046$fb$4\_2$

$2022$: $fill in the blank a$4$ed$970$a$5046$fb$4\_3$

$2023$: $fill in the blank a$4$ed$970$a$5046$fb$4\_4$

Brent's adjusted basis in the auto on January $1,2024,$ is $fill in the blank a$4$ed$970$a$5046$fb$4\_5$

$.$

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b$.$ Brent uses the actual cost method. $[$Assume that no $179$ expensing is claimed and that $200\%$ declining$-$balance cost recovery with the half$-$year convention is used. The cost recovery limitation for an auto placed in service in $2020$ is as follows: $$10,100($first year$),$ $$16,100($second year$),$ $$9,700($third year$),$ and $$5,760($fourth year$).]$

Compute his depreciation deductions for year. Click here to access the depreciation table.

$2020$: $fill in the blank $18$cfe$301704$c$01$d$\_1$

$2021$: $fill in the blank $18$cfe$301704$c$01$d$\_2$

$2022$: $fill in the blank $18$cfe$301704$c$01$d$\_3$

$2023$: $fill in the blank $18$cfe$301704$c$01$d$\_4$

Brent's adjusted basis in the auto on January $1,2024,$ is $fill in the blank $18$cfe$301704$c$01$d$\_5$

$.$