Please see attached tables below.

Problem {H} (Algorithmic) Modied Accelerated Cost Recovery System {MACRS}, Election ta Expense, Listed Property, Limitation on Depreciation of Luxury Automobiles (L0 8.2, 8.3, 8.4, 8.5) During 2019, William purchases the following capital assets for use in his catering business: New passenger aummabile (September 30) $65,40D Baking equipment (June 30) 19,62D Assume that William decides to use the election to expense on the baking equipment (and has adequate taxable income to cover the deductien) but net on the automobile (which has a 5-year recovery period), and he also uses the MACRS accelerated method to calculate depreciation but elects out of bonus depreciation. Assume he has adequate taxable income. Click here to access lire depreciation table and click here to access the annual automobile depreciation limitations. Calculate arn's maximum depreciation deduction for 2019, assuming he uses the auto X bile 100 percent in his business. TABLE 8.2 Accelerated Depreciation for Personal Property Assuming Half-Year Convention (For Property Placed in Service after December 31, 1986) Recovery 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year (200% DB) (200% DB) (200% DB) 200% DB) (150% DB) (150% DB) 33.33 20.00 14.29 10.00 5.00 3.750 44.45 32.00 24.49 18.00 9.50 7.219 14.81 * 19.20 17.49 14.40 8.55 6.677 7.41 11.52 * 12.49 11.52 7.70 6.177 11.52 8.93 * 9.22 6.93 5.713 5.76 8.92 7.37 6.23 5.285 8.93 6.55 * 5.90 * 4.888 4.46 6.55 5.90 4.522 6.56 5.91 4.462 * 6.55 5.90 4.461 3.28 5.91 4.462 5.90 4.461 5.91 4.462 5.90 4.461 5.91 4.462 2.95 4.461 4.462 18 4.461 19 4.462 20 4.461 21 2.231 *Switch to straight-line depreciation.ANNUAL AUTOMOBILE DEPRECIATION LIMITATIONS Year of Use 2019 Limits 2018 Limits Year 1 $18.100* $18.000* Year 2 16,100 16.000 Year 3 9.700 9.600 Year 4 (and subsequent 5.760 5.760 years until fully depreciated) *Additional bonus depreciation of $8,000 is included in this amount