Calculate deprectiation deduction

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Problem

Lina purchased a new car for use in her business during 2024. 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 2024 and 2025 (Lina doesn't want to take bonus depreciation for 2024) in the following alternative scenarios (assuming half-year convention for all): (Use MACRS Table 1, Table 2, and Exhibit 10-10.) The vehicle cost $83,200, and business use is 100 percent. Get the instant assignment help. Calculate deprectiation deduction for 2024 and 2025.

Reference no: EM133905703

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