Year 2018 2017 2016 2015 2014 Rate per Mile 25 cents 25 cents 24 cents 24 cents 22 cents Problem 9-24 (a) (LO. 2) On May 31, 2014, Gustave purchases a new automobile for $28,000. He uses the car 90% for business and drives the car as follows: 5,000 miles in 2014, 14,000 miles in 2015, 11,000 miles in 2016 and 9,800 miles in 2017. Gustave is self-employed Determine Gustave's basis in the business portion of the auto as of January 1, 2018, under the following assumptions If required, carry out computations to two decimal places and then round your final answer to the nearest dollar. a. Gustave uses the automatic mileage method. Compute his basis adjustments for depreciation for each year. Click here to access the basis adjustment table. 2014: $ 2015: $ 2016: $ 2017: $ Gustave's adjusted basis in the auto on January 1, 2018, is b. Gustave uses the actual cost method. Assume that no 179 expensing is claimed and that 200% declining-balance cost recovery with the half-year convention is used. Assume the recovery limitation for 2014 is as follows: $3,160(first year), $5,100 (second year), $3,050 (third year) and $1,875 (fourth year). Compute his depreciation deductions for year. Click here to access the depreciation table 2014: $ 2015 2016: 2017: $ Gustave's adjusted basis in the auto on January 1, 2018, is