Exercise $8-25($Algorithmic$)($L$0.4)$

On April $5,2021,$ Kinsey places in service a new automobile that cost $$61,250.$ He does not elect $179$ expensing, and he elects not to take any available additional first$-$year depreciation. The car is used $80\%$ for business and $20\%$ for personal use in each tax year. Kinsey chooses the MACRS $200\%$ declining$-$balance method of cost recovery $($the auto is a $5-$year asset$).$

Click here to access the depreciation table to use for this problem.

Assume the following luxury automobile limitations: year $1$ : $$10,100$; year $2$ : $$16,100.$

If required, round your final answers to the nearest dollar.

Compute the total depreciation allowed for:

$\backslash$table$[[2021$:$,5,x$