Question: On April 5 , 2 0 2 4 , Kinsey places in service a new automobile that cost $ 4 7 , 7 5 0

On April 5,2024, Kinsey places in service a new automobile that cost $47,750. He does not elect 179 expensing, and he elects not to take any available additional first-year depreciation. The car is used 75% for business and 25% 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:
2024: $fill in the blank 1
2025: $fill in the blank 2
Click here to access the depreciation table to use for this problem.
Calculate Diana's total cost recovery deduction for 2024.

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