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

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 $2023.$

Section $179$ expense

MACRS cost recovery

Total deduction

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