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$6.$Algo

Exercise $8-25($Algorithmic$)($LO$.4)$

$9.$Algo

On April $5,2024,$ Kinsey places in service a new automobile that cost $$74,750.$ He does not elect $179$ expensing, and he elects not to take any available additional first$-$year depreciation. The car is used $85\%$ for business and $15\%$ for personal

$0.$Algo 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.

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

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Compute the total depreciation allowed for:

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$2024$:

s

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$2025$:

$

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$27.$Algo

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ess: $7/9$ items

Exhibit $8\mathrm{.}3$ MACRS Accelerated Depreciation for Personal Property Assuming Half$-$Year Convention $($Percentage Rates$)$

For Property Placed in Service after December $31,1986$

$\backslash$table$[[$Recovery Year,$3-$Year $(200\%DB),5-$Year $(200\%$ DB$),7-$Year $(200\%$ DB$),10-$Year $(200\%$ DB$),15-$Year $(150\%$ DB$),20-$Year $(150\%$ DB$)],[1,33\mathrm{.}33,20\mathrm{.}00,14\mathrm{.}29,10\mathrm{.}00,5\mathrm{.}00,3\mathrm{.}750],[2,44\mathrm{.}45,32\mathrm{.}00,24\mathrm{.}49,18\mathrm{.}00,9\mathrm{.}50,7\mathrm{.}219],[3,14\mathrm{.}81*,19\mathrm{.}20,17\mathrm{.}49,14\mathrm{.}40,8\mathrm{.}55,6\mathrm{.}677],[4,7\mathrm{.}41,11\mathrm{.}52*,12\mathrm{.}49,11\mathrm{.}52,7\mathrm{.}70,6\mathrm{.}177],[5,,11\mathrm{.}52,8\mathrm{.}93*,9\mathrm{.}22,6\mathrm{.}93,5\mathrm{.}713],[6,,5\mathrm{.}76,8\mathrm{.}92,7\mathrm{.}37,6\mathrm{.}23,5\mathrm{.}285],[7,,,8\mathrm{.}93,6\mathrm{.}55*,5\mathrm{.}90*,4\mathrm{.}888],[8,,,4\mathrm{.}46,6\mathrm{.}55,5\mathrm{.}90,4\mathrm{.}522],[9,,,,6\mathrm{.}56,5\mathrm{.}91,4\mathrm{.}462*],[10,,,,6\mathrm{.}55,5\mathrm{.}90,4\mathrm{.}461],[11,,,,3\mathrm{.}28,5\mathrm{.}91,4\mathrm{.}462],[12,,,,,5\mathrm{.}90,4\mathrm{.}461],[13,,,,,5\mathrm{.}91,4\mathrm{.}462],[14,,,,,5\mathrm{.}90,4\mathrm{.}461],[15,,,,,5\mathrm{.}91,4\mathrm{.}462],[16,,,,,2\mathrm{.}95,4\mathrm{.}461],[17,,,,,,4\mathrm{.}462],[18,,,,,,4\mathrm{.}461],[19,,,,,,4\mathrm{.}462],[20,,,,,,4\mathrm{.}461],[21,,,,,,2\mathrm{.}231]]$