Problem $8-43($LO$.2,3,4)$

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 $2024.$

b$.$What is her total depreciation deduction if Helen decided to take additional first$-$year depreciation? Problem $8-43($LO$.2,3,4)$

On March $15,2024,$ Helen purchased and placed in service a new Acura MDX$.$ The purchase price of the automobile was $\backslash (\backslash$$ $62,000\backslash ),$ and the vehicle had a rating of $\backslash (6,500\backslash$mathrm$\{$GVW$\}\backslash ).$ The vehicle was used $\backslash (100\backslash \%\backslash )$ 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 $\backslash (\backslash$S $179\backslash )$ expense

MACRS cost recovery

Total deduction

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

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