Required informationRequired informationRequired 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 $($including

$$179$ expense unless stated otherwise$)$ for the automobile in $2023$ and $2024($Lina doesn't want to take bonus depreciation

for $2023$ or $2024)$ in the following alternative scenarios $($assuming half$-$year convention for all$)$: $($Use MACRS Table $1,$

Table $2,$ and Exhibit $10-10.)$

c$.$ The vehicle cost $$83,200,$ and she used it $80$ percent for business.

$[$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 $($including

$$179$ expense unless stated otherwise$)$ for the automobile in $2023$ and $2024($Lina doesn't want to take bonus depreciation

for $2023$ or $2024)$ in the following alternative scenarios $($assuming half$-$year convention for all$)$: $($Use MACRS Table $1.$

Table $2,$ and Exhibit $10-10.)$

b$.$ The vehicle cost $$83,200,$ and business use is $100$ percent.

$[$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 $($including

$$179$ expense unless stated otherwise$)$ for the automobile in $2023$ and $2024($Lina doesn't want to take bonus depreciation

for $2023$ or $2024)$ 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 $$38,200,$ and business use is $100$ percent $($ignore $$179$ expense$).$