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Required information [The following information applies to the questions displayed below] Lina purchased a new car for use in her business during 2023 . The
Required information [The following information applies to the questions displayed below] Lina purchased a new car for use in her business during 2023 . The auto was the only business asset she purchased during the year, and her business was extremely profitable. Calculate her maximum depreciation deductions fincluding $179 expense unless stated otherwise) for the automobile in 2023 and 2024 (Lina doesn't want to take bonus deprectation for 2023 or 2024 ) in the following alternative scenarios (assuming half-year convention for ali); (Use MACRS Jable:. Iable 2 and Exhibit 10-10.) c. The vehicle cost $80,000, and she used it 80 percent for business
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