Every fill-in-the-blank needs an answer, please.

On March 15, 2022, Helen purchased and placed in service a new Escalade. The purchase price of the automobile was $62,000, and the vehicle had a rating of 6,500 GVW. The vehicle was used 100% for business.

If required, round your answers to the nearest dollar. Click here to access the depreciation table to use for this problem.

a. Assuming that Helen does not use additional first-year depreciation, calculate the total depreciation deduction that she can take on the vehicle for 2022.

Section 179 expense	$fill in the blank 1
MACRS cost recovery	fill in the blank 2
Total deduction	$fill in the blank 3

b. What is her total depreciation deduction if Helen decided to take additional first-year depreciation? $fill in the blank 4

--------------------------------------- Table to answer questions:

8-7cCost Recovery Tables

Summary of Tables
Exhibit 8.3	Regular MACRS table for personalty. Depreciation methods: 200 or 150 percent declining-balance switching to straight-line. Recovery periods: 3, 5, 7, 10, 15, 20 years. Convention: half-year.
Exhibit 8.4	Regular MACRS table for personalty. Depreciation method: 200 percent declining-balance switching to straight-line. Recovery periods: 3, 5, 7 years. Convention: mid-quarter.
Exhibit 8.5	MACRS optional straight-line table for personalty. Depreciation method: straight-line. Recovery periods: 3, 5, 7, 10, 15, 20 years. Convention: half-year.
Exhibit 8.6	Alternative minimum tax declining-balance table for personalty. Depreciation method: 150 percent declining-balance switching to straight-line. Recovery periods: 3, 5, 7, 9.5, 10, 12 years. Convention: half-year.
Exhibit 8.7	Alternative depreciation system straight-line table for personalty. Depreciation method: straight-line. Recovery periods: 5, 10, 12 years. Convention: half-year.
Exhibit 8.8	Regular MACRS straight-line table for realty. Depreciation method: straight-line. Recovery periods: 27.5, 31.5, 39 years. Convention: mid-month.
Exhibit 8.9	Alternative depreciation system straight-line table for realty. Depreciation method: straight-line. Recovery period: 30, 40 years. Convention: mid-month.

Exhibit8.3MACRS Accelerated Depreciation for Personal Property Assuming Half-Year Convention (Percentage Rates)

*Switchover to straight-line depreciation.

Exhibit8.4MACRS Accelerated Depreciation for Personal Property Assuming Mid-Quarter Convention (Percentage Rates)

For Property Placed in Service after December 31, 1986 (Partial Table)
3-Year
Recovery Year	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
1	58.33	41.67	25.00	8.33
2	27.78	38.89	50.00	61.11
5-Year
Recovery Year	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
1	35.00	25.00	15.00	5.00
2	26.00	30.00	34.00	38.00
7-Year
Recovery Year	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
1	25.00	17.85	10.71	3.57
2	21.43	23.47	25.51	27.55

Exhibit8.5MACRS Straight-Line Depreciation for Personal Property Assuming Half-Year Convention

For Property Placed in Service after December 31, 1986
		Other Recovery Years	Last Recovery Year
MACRS Class	% First Recovery Year	Years	%	Year	%
3-year	16.67	2-3	33.33	4	16.67
5-year	10.00	2-5	20.00	6	10.00
7-year	7.14	2-7	14.29	8	7.14
10-year	5.00	2-10	10.00	11	5.00
15-year	3.33	2-15	6.67	16	3.33
20-year	2.50	2-20	5.00	21	2.50

Note: The last two rows of this table are used for qualified improvement property (15-year normal MACRS; 20-year ADS).

Exhibit8.6Alternative Minimum Tax: 150% Declining-Balance Assuming Half-Year Convention (Percentage Rates)

*The figures in this table are taken from the official table that appears in Rev.Proc. 87-57. Because of its length, the complete table is not presented.

**Switchover to straight-line depreciation.

Exhibit8.7ADS Straight-Line for Personal Property Assuming Half-Year Convention (Percentage Rates)

For Property Placed in Service after December 31, 1986 (Partial Table)
Recovery Year	3-Year	5-Year	7-Year	10-Year	12-Year
1	16.67	10.00	7.14	5.00	4.17
2	33.33	20.00	14.29	10.00	8.33
3	33.33	20.00	14.29	10.00	8.33
4	16.67	20.00	14.29	10.00	8.33
5		20.00	14.29	10.00	8.33
6		10.00	14.29	10.00	8.33
7			14.29	10.00	8.34
8			7.14	10.00	8.33
9				10.00	8.34
10				10.00	8.33
11				5.00	8.34
12					8.33
13					4.17

Exhibit8.8MACRS Straight-Line Depreciation for Real Property Assuming Mid-Month Convention* (Percentage Rates)

*The official tables contain a separate row for each year. For ease of presentation, certain years are grouped in these tables. In some instances, this will produce a difference of .001 for the last digit when compared with the official tables.

Exhibit8.9ADS Straight-Line for Real Property Assuming Mid-Month Convention (Percentage Rates)