On June $1,2022,$ Leo purchased and placed in service a new car that cost $$79,600.$ The

business use percentage for the car is always $100\%.$ He does not elect $179$ expensing, and

does not claim any available additional first$-$year depreciation.

If required, round your answers to the nearest dollar.

Click here to access the depreciation table of the textbook. Click here to access the

limits for certain automobiles.

a$.$ What MACRS convention applies to the new car?

Half$-$year

b$.$ Is the automobile considered "listed property"?

c$.$ Leo's cost recovery deduction in $2022$ is $

and for $2023$ is $Exhibit $8\mathrm{.}3$ MACRS Accelerated Depreciation for Personal Property

Assuming Half$-$Year Convention $($Percentage Rates$)$

$*$Switchover to straight$-$line depreciation.On June $1,2022,$ Leo purchased and placed in service a new car that cost $$79,600.$ The

business use percentage for the car is always $100\%.$ He does not elect $179$ expensing, and

does not claim any available additional first$-$year depreciation.

If required, round your answers to the nearest dollar.

Click here to access the depreciation table of the textbook. Click here to access the

limits for certain automobiles.

a$.$ What MACRS convention applies to the new car?

Half$-$year

b$.$ Is the automobile considered "listed property"?

c$.$ Leo's cost recovery deduction in $2022$ is $

and for $2023$ is $