eBook Print Item Exercise 8-25 (Algorithmic) (LO. 4) On April 5, 2023, Kinsey places in service a new automobile that cost $43,250. He does not elect 179 expensing, and he elects not to take any available additional first-year depreciation. The car is used 70% for business and 30% for personal use in each tax year. Kinsey uses the regular MACRS method of cost recovery (the auto is a 5-year asset). Click here to access the depreciation table to use for this problem. If required, round your final answers to the nearest dollar. Compute the total depreciation allowed for: 2023: 2024: Check My Work 3 more Check My Work uses remaining. Previous Next All work saved. Email Instructor Save and Exit Submit Assignment for Grading