On September 14, 2012, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $35,000, and Jay uses the accelerated method under MACRS. Jay does not take bonus depreciation or elect to expense.
a. Calculate Jay's depreciation deduction for 2012. $_____________
b. Assuming the same business percentage (75 percent) in 2013, calculate Jay's depreciation deduction for 2013. $_____________