On March $15,2023,$ Helen purchased and placed in service a new Escalade. The purchase price of the automobile

was $$62,000,$ and the vehicle had a rating of $6,500GVW.$ The vehicle was used $100\%$ for business.

If required, round your answers to the nearest dollar.

Click here to access the depreciation table to use for this problem.

a$.$ Assuming that Helen does not use additional first$-$year depreciation, calculate the total depreciation deduction

that she can take on the vehicle for $2023.$

b$.$ What is her total depreciation deduction if Helen decided to take additional first$-$year depreciation?On March $15,2023,$ Helen purchased and placed in service a new Escalade. The purchase price of the automobile was $$62,000,$ and the vehicle had a rating of $6,500$ GVW$.$ The vehicle was used $100\%$ for business.

If required, round your answers to the nearest dollar.

Click here to access the depreciation table to use for this problem.

a$.$ Assuming that Helen does not use additional first$-$year depreciation, calculate the total depreciation deduction that she can take on the vehicle for $2023.$

Section $179$ expense $fill in the blank $1$

$28,900$

MACRS cost recovery fill in the blank $2$

$6,620$

Total deduction $fill in the blank $3$

$35,520$

b$.$ What is her total depreciation deduction if Helen decided to take additional first$-$year depreciation?

$fill in the blank $4$