Chapter $10$ Practice Assignment

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Problem $10-67($LO $10-3)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Lina purchased a new car for use in her business during $2023.$ 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 $2023$ and $2024($Lina doesn't want to take bonus depreciation for $2023$ or $2024)$ in the following alternative scenarios $($assuming half$-$year convention for all$)$: $($Use MACRS Table $1,$ Table $2,$ and Exhibit $10-10.)$

Problem $10-67$ Part a $($Algo$)$

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a$.$ The vehicle cost $$36,000,$ and business use is $100$ percent $($ignore $$179$ expense$).$

$\backslash$table$[[$Year$,\backslash$table$[[$Depreciation$],[$deduction$]]],[2023,,],[2024,$$$,11,520]]$