Question: On February 1 7 , 2 0 2 4 , Brecken places in service an automobile that cost $ 2 3 , 0 0 0

On February 17,2024, Brecken places in service an automobile that cost $23,000. Assume Brecken does not claim the additional first-year or any 179 deduction. The auto is used 35% for business and 65% for personal use. Assume the luxury automobile limitations for Year 1 is $10,100. Click here to access the depreciation table to use for this problem. a.Compute the total depreciation allowed for 2024: $fill in the blank 1 b.Assume that the automobile costs $45,000. Compute the total depreciation allowed for 2024: $fill in the blank 2

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