Question: On March 1 5 , 2 0 2 4 , Helen purchased and placed in service a new Acura MDX . The purchase price of

On March 15,2024, Helen purchased and placed in service a new Acura MDX. The purchase price of the automobile was $62,000, and the vehicle had a rating of 6,500 GVW. The vehicle was used 100% for business.
If required, round your answers to the nearest dollar.
Click here to access thedepreciation tableto use for this problem.
a.Assuming that Helen does not use additional first-year depreciation, calculate the total depreciation deduction that she can take on the vehicle for 2024.
Section 179 expense$fill in the blank 1MACRS cost recoveryfill in the blank 2Total deduction$fill in the blank 3
b.What is her total depreciation deduction if Helen decided to take additional first-year depreciation?

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