Luby Corporation acquires a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2015 for $36,000. Luby

Question:

Luby acquires a 100% business-use automobile (MACRS 5-year recovery) on July 1, 2015 for $36,000. Luby does not elect Sec. 179. What are depreciation deductions for 2015–2017?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...