Tamika Meer purchased a new car for use in her business during 2022 for $75,000. The auto was the only business asset she purchased during the year, and her business was very profitable. Calculate Tamika's maximum depreciation deductions for the automobile in 2022 and 2023 under the following scenarios: (Use MACRS Table 1, Table 2 and Exhibit 10-10.)

Required:

Tamika does not want to take 179 expense and she elects out of bonus depreciation.

Tamika wants to maximize her 2022 and 2023 depreciation using bonus depreciation.

Tamika Meer purchased a new car for use in her business during 2022 for $75,000. The auto was the only business asset she purchased during the year, and her business was very profitable. Calculate Tamika's maximum depreciation deductions for the automobile in 2022 and 2023 under the following scenarios: (Use MACRS Table 1, Table 2 and Exhibit 10-10.) Required: a. Tamika does not want to take 179 expense and she elects out of bonus depreciation. b. Tamika wants to maximize her 2022 and 2023 depreciation using bonus depreciation. Tamika does not want to take 179 expense and she elects out of bonus depreciation. Tamika wants to maximize her 2022 depreciation using bonus depreciation. Tamika wants to maximize her 2023 depreciation using bonus depreciation