On September 14, 2015, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $43,000, and Jay uses the accelerated method under MACRS. Jay does not elect to expense.
a. Calculate Jay's depreciation deduction for 2015 assuming no bonus depreciation.
$
b. Assuming the same business percentage (75 percent) in 2016, calculate Jay's depreciation deduction for 2016.
$