Problem 8-47 (LO. 2, 3, 4) On March 15, 2018, Helen purchased and placed in service a new Escalade. The purchase price was $62,000, and the vehicle had a rating of 6,500 GVW. 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.

Assume the following luxury automobile limitations: year 1: $10,000; year 2: $16,000.

What is her total depreciation deduction if Helen decided to take additional first-year depreciation? $