Problem $8-13$

Modified Accelerated Cost Recovery System $($MACRS$),$ Listed Property, Limitation on Depreciation of Luxury Automobiles $($LO $8\mathrm{.}2,8\mathrm{.}4,8\mathrm{.}5)$

During $2022,$ Pepe Guardio purchases the following property for use in his calendar year$-$end manufacturing business:

Use Form $4562$ to report Pepe's depreciation expense for $2022.$

Enter all amounts as positive numbers. If required, round to the nearest dollar. If an amount is zero, enter $"0".$

Click on the following links to access:

Depreciation tables

Annual automobile depreciation limitations

Table $8\mathrm{.}1$: Recovery Periods for Assets Placed in Service After $1986.$

We need to complete IRS Form $4562($Depreciation and Amortization$)$