On March 15,2022 , Helen purchased and placed in service a new Escalade. The purchase price of the automobile was $62,000, and the vehicle had a rating of 6,500GVW. The vehicle was used 100% for business. If required, round your answers to the nearest dollar. Click here to access the depreciation table to use for this problem. a. Assuming that Helen does not use additional first-year depreciation, calculate the total depreclation deduction that she can take on the vehicle for 2022 . b. What is her total depreciation deduction if Helen decided to take additional first-year depreciation? Fendback T Check My Work The law places special limitations on the cost recovery deduction for passenger automobiles. These statutory dollar limits were imposed o passenger automobiles because of the bellef that the tax system was being used to underwrite automobiles whose cost and luxury far exc what was needed for their business use. However, there are different rules for vehicles with a GVW of more than 6,000lbs