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On May 28, 2023, Mary purchased and placed in service a new $68,000 car, The car was used 60% for business, 20% for production of

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On May 28, 2023, Mary purchased and placed in service a new $68,000 car, The car was used 60% for business, 20% for production of income, and 20% for personal use in 2023 . In 2024, the usage changed to 40% for business, 30% for production of income, and 30% for personal use. Mary did not elect immediate expensing under 5179 . She did not claim any avalable additional first-year depreciation. Compute Mary's 2023 and 2024 cost recovery deductions and any cost recovery recapture for 2024. If required, round your answers to the nearest dollar. Click here to access the depreciation table to use for this problem. Assume the following luxury automobile limitations: year 1: $12,200; year 2:$19,500. a. The cost fecovery deduction taken in 2023 was $ b. The cost recovery deduction for 2024 is 5 c. The cost recovery recapture in 2024 is $ On May 28, 2023, Mary purchased and placed in service a new $68,000 car, The car was used 60% for business, 20% for production of income, and 20% for personal use in 2023 . In 2024, the usage changed to 40% for business, 30% for production of income, and 30% for personal use. Mary did not elect immediate expensing under 5179 . She did not claim any avalable additional first-year depreciation. Compute Mary's 2023 and 2024 cost recovery deductions and any cost recovery recapture for 2024. If required, round your answers to the nearest dollar. Click here to access the depreciation table to use for this problem. Assume the following luxury automobile limitations: year 1: $12,200; year 2:$19,500. a. The cost fecovery deduction taken in 2023 was $ b. The cost recovery deduction for 2024 is 5 c. The cost recovery recapture in 2024 is $

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