On October 1, 2022, Vernica purchased a business. Of the purchase price, $122,000 is allocated to a patent and $732,000 to goodwill.

If required, round your intermediate values to nearest dollar and use in subsequent computations.

Calculate Vernica's 2022 197 amortization deduction.

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On April 5, 2022, Kinsey places in service a new automobile that cost $43,250. He does not elect 179 expensing, and he elects not to take any available additional first-year depreciation. The car is used 95% for business and 5% for personal use in each tax year. Kinsey chooses the MACRS 200% declining-balance method of cost recovery (the auto is a 5-year asset).

Assume the following luxury automobile limitations: year 1: $10,200; year 2: $16,400. If required, round your final answers to the nearest dollar.

Compute the total depreciation allowed for:

2022:
2023: