Question
[The following information applies to the questions displayed below.] Lina purchased a new car for use in her business during 2018. The auto was the
[The following information applies to the questions displayed below.]
Lina purchased a new car for use in her business during 2018. 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 2018 and 2019 (Lina doesnt want to take bonus depreciation for 2018 or 2019) in the following alternative scenarios (assuming half-year convention for all) (Use MACRS Table 1, Table 2, and Exhibit 10-10.):
f. The vehicle cost $78,000, and is an SUV that weighs 6,500 pounds. Business use was 100 percent.
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