Ryan is considering acquiring a new luxury automobile costing $62,000 that wit be used 100% in his business, The salesperson at the automoble dealershe states that Ryan wit be entited to substantial tax benefits in the initial year (2022) including: Verw the salospancen's statements. Yere the Lururx Automobila. Depreciation imts. Vew the MACRS hallyearcomenolon rates. Read the requirements. Requirement a. Assuming Ryan elects out of bonus depreciation, are the salespenoris assertions frlative to the tax benefits accurste? Explain. depredation amount is 512,400 when Sec 178 is not elected. The limury auto limits do not apply to faxparents who do not eloct Sec 179 D. Na. The salesman is incorrect. The maximum amount of depreciation is 562,000 if Sec. 179 is elected if Sec. 179 is not elected, the maximum depreciation is limited to 510,200 in 2022 due to the fuxury auto limits. The lumiry auto limits do not apply to taxpoyers who elect Sec. 170. Requirement b. Would your answer to Part a diflor if the automobila were used only 75 S for business purposes? (Round your answer to the nearest whole dollar?) If the auto la used 75% for besiness, the maximum depreciation deduction in the fint year would be