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 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 $2024.$

Section $179$ expense

MACRS cost recovery

Total deduction

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

$ NOTE THAT $36800,30500,6300,0,12400,12800$ ARE ALL INCORRECT ANSWER

Exhibit $8\mathrm{.}5$ MACRS Straight$-$Line Depreciation for Personal Property Assuming

Half$-$Year Convention$*$

Note: The last two rows of this table are used for qualified improvement property $(15-$year normal MACRS; $20-$year

ADS$).$

Exhibit $8\mathrm{.}6$ Alternative Minimum Tax: $150\%$ Declining$-$Balance Assuming

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

$*$The figures in this table are taken from the official table that appears in RevProc. $87-57,1987-2$ C$.$B$.$

Because of its length, the complete table is not presented.

$**$Switchover to straight$-$line depreciation.

Exhibit $8\mathrm{.}7$ ADS Straight$-$Line for Personal Property Assuming Half$-$Year

Convention $($Percentage Rates$)$