Required information [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 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.) a. The vehicle cost $33,800 and business use is 100 percent (ignore $179 expense). Year Depreciation deduction 2019 2020 b. The vehicle cost $89,000, and business use is 100 percent. Year Depreciation deduction 2019 2020 c. The vehicle cost $89,000, and she used it 80 percent for business Year Depreciation deduction 2019 2020 d. The vehicle cost $89,000, and she used it 80 percent for business. She sold it on March 1 of year 2. Depreciation deduction Year 2019 2020 e. The vehicle cost $89,000, and she used it 20 percent for business. Year Depreciation deduction 2019 2020 f. The vehicle cost $89,000, and is an SUV that weighs 6,500 pounds. Business use was 100 percent. Year Depreciation deduction 2019 2020 TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 | 11.01 10.93 Year 5 11.01 8.75 Year 6 1.38 8.74 Year 7 8.75 Year 8 1.09 TABLE 26 MACRS Mid-Quarter Convention: For property placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 I 25.00% ] 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 | 8.87 Year 6 4.26 8.87 Year 7 8.87 Year 3 3.34 TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter | Depreciation Rate for Recovery Period 5-Year 7-Year Yearl 15.00% 10.71% Year 2 34.00 25.51 Year 3 20.40 18.22 Year 4 12.24 13.02 Year 5 11.30 9.30 Year 6 7.06 8.85 1 Year 7 8.86 Year 8 5.53 TABLE 20 MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter | Depreciation Rate for Recovery Period 5-Year 7-Year 1 Yearl 5.00% 3.57% Year 2 38.00 27.55 Year 3 22.80 19.68 Year 4 13.68 14.06 Year 5 10.94 10.04 Year 6 9.58 8.73 Year 7 8.73 Years 7.64