QUESTIONS Paige owns a small unincorporated rock quarry. In the current year, she purchased a car for $24,000 which she used 80% for business and 20% for personal use in the first year. The car qualified as 5 y property and Paige elected out of bonus depreciation. What is the amount of depreciation for the current year related to the vehicle? a. 53,840 b. 52,528 C. 54,800 0.53,160