property and luxury automobile limitations$.$ The truck has a depreciable basis of $$50,000$ and an estimated useful life of $5$ years. Assume half$-$year convention for tax.

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a$.$ Calculate the amount of depreciation for $2022$ using the straight$-$line depreciation election, using MACRS tables over the minimum number of years with no bonus depreciation or election to expense.

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b$.$ Calculate the amount of depreciation for $2022,$ including bonus depreciation but no election to expense, that Mike could deduct using the MACRS tables.

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c$.$ Calculate the amount of depreciation for $2022$ including the election to expense but no bonus depreciation that Mike could deduct. Assume no income limit on the expense election.