Problem $8-10($Algorithmic$)$

During $2022,$ William purchases the following capital assets for use in his catering business:

New passenger automobile $($September $30)$

$$67,200$

Baking equipment $($June $30)$

$20,160$

the MACRS accelerated method to calculate depreciation but elects out of bonus depreciation.

Click here to access the depreciation table and click here to access the annual automobile depreciation limitations$.$

Calculate William's maximum depreciation deduction for $2022,$ assuming he uses the automobile $100$ percent in his business.

$

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