Maria's business bought a business vehicle. On which IRS tax form should she report the depreciation expense that her business incurred?

 In 2022, Flynn's business had net income, without respect to depreciation, of $500,000. He put into service $300,000 of new assets. He bought new equipment, that was used 100% for his business costing $300,000, that was placed in service on 8/1/2022. How much of a Section 179 depreciation expense can Flynn take on his Federal Income Tax Return in 2022?

In 2022, Trevor purchased an automobile for $50,000 that was used 100% for his business. The automobile was placed in service on 3/1/2022. Trevor's business had net income of $1,000,000. The automobile was the only asset Trevor's business placed into service in 2022. What is the maximum amount of depreciation that Trevor can recognize on that automobile on his Federal Income Tax Return in 2022?

Jim used an automobile 75% for business and 25% for personal in 20X1. He incurred $5,000 in total expenses for the automobile. What is the largest amount of vehicle expenses that Jim can claim as a business expense in 20X1?

Olga owned a business and had a passenger vehicle that was used 100% for her business. What is the largest amount of depreciation that Olga can claim for the vehicle on her 2022 California Income Tax Return?