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Required information Problem 10-67 (LO 10-3) The following information appies to the questons displayed below) Lina purchased a new car for use in her business

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Required information Problem 10-67 (LO 10-3) The following information appies to the questons displayed below) Lina purchased a new car for use in her business during 2018. 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 expense unless stated otherwise) for the automobile in 2018 and 2019 (Lina doesn't want to take bonus depreciation for 2018 or 2019) in the following alternative scenarios (assuming half-year convention for all) (Use MACRS Table 1. Table 2. and Exhibit 10-10) Problem 10-67 Part a o. The vehicle cost $31.200 and business use is 100 percent (fignore $179 expense) 2018 15 | 1611/17.1 of:17

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