During 2019, William purchases the following capital assets foruse in his catering business: New passenger automobile (September30) $58,200 Baking equipment (June 30) 17,460 Assume that Williamdecides to use the election to expense on the baking equipment (andhas adequate taxable income to cover the deduction) but not on theautomobile (which has a 5-year recovery period), and he also usesthe MACRS accelerated method to calculate depreciation but electsout of bonus depreciation. Assume he has adequate taxable income.Click here to access the depreciation table and click here toaccess the annual automobile depreciation limitations. CalculateWilliam's maximum depreciation deduction for 2019, assuming he usesthe automobile 100 percent in his business. $
