Question: Problem 9 - 2 2 ( LO . 2 ) On July 1 , 2 0 1 9 , Brent purchases a new automobile for

Problem 9-22(LO.2)
On July 1,2019, Brent purchases a new automobile for $40,000. He uses the car 80% for business and drives the car for business purposes as follows: 8,000 miles in 2019,19,000 miles in 2020,20,000 miles in 2021, and 15,000 miles in 2022.
Determine Brent's basis in the business portion of the auto as of January 1,2023, under the following assumptions:
If required, round your answers to the nearest dollar.
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a. Brent uses the automatic mileage method.
Compute his basis adjustments for depreciation for each year. Click here to access the basis adjustment table.
2019: $fill in the blank fa1e69fcff7ff98_1
2,080
2020: $fill in the blank fa1e69fcff7ff98_2
5,130
2021: $fill in the blank fa1e69fcff7ff98_3
5,200
2022: $fill in the blank fa1e69fcff7ff98_4
3,900
Brent's adjusted basis in the auto on January 1,2023, is $fill in the blank fa1e69fcff7ff98_5
15,690
.
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b. Brent uses the actual cost method. [Assume that no 179 expensing is claimed and that 200% declining-balance cost recovery with the half-year convention is used. The recovery limitation for an auto placed in service in 2019 is as follows: $10,100(first year), $16,100(second year), $9,700(third year), and $5,760(fourth year).]
Compute his depreciation deductions for year. Click here to access the depreciation table.
2019: $fill in the blank 6904f5fc9030ffe_1
2020: $fill in the blank 6904f5fc9030ffe_2
2021: $fill in the blank 6904f5fc9030ffe_3
2022: $fill in the blank 6904f5fc9030ffe_4
Brent's adjusted basis in the auto on January 1,2023, is $fill in the blank 6904f5fc9030ffe_5
JUST NEED THE ANSWER TO PART B. THANKS

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