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Required information Part 6 of 6 [The following information applies to the questions displayed below.] Lina purchased a new car for use in her business

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Required information Part 6 of 6 [The following information applies to the questions displayed below.] Lina purchased a new car for use in her business during 2019. The auto was the only business asset she purchased during the year and her business was extremely profitable. Calculate her maximum depreciation deductions (including $179 points expense unless stated otherwise) for the automobile in 2019 and 2020 (Lina doesn't want to take bonus depreciation for 2019 or 2020) in the following alternative scenarios (assuming half-year convention for all): (Use MACRS Table 1, Table 2, and Exhibit 10-10.) f. The vehicle cost $80,000 and is an SUV that weighs 6,500 pounds. Business use was 100 percent. X Answer is complete but not entirely correct. Year Depreciation deduction 2019 25,680 X 2020 17,600 (xdisplayed below.] year: At the beginning of the year, Anna began a calendar-year business and placed in service the following assets during the Date Cost Asset Acquired Computers Basis 1/30 Office desks 28,000 2/15 Machinery 32, 000 7/25 Office building 75, 000 8/13 400 , 000 Assuming Anna does not elect $179 expensing and elects not to use bonus depreciation, answer the following questions: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) a. What is Anna's year 1 cost recovery for each asset? X Answer is complete but not entirely correct. Year 1 Asset Cost Recovery Computers 5,600 Office desks 4,573 Machinery 10,718 Office building 3,846 X Total 24,737I ILL II. II IIL LIL IFI ILI III ILL n ILL ILL Tr .LL IIL III ILI IL IL. IF IL ' ILL

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