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Homework -h10 13 Part 56 Required information The following information applies to the questions displayed below! Lina purchased a new car for use in her business during 2021. The auto was the only business asset she purchased during the year, and her business was extremely profitable. Calculate her maximum depreciation deductions including 5179 expense unless stated otherwise) for the automobile in 2021 and 2022 Lina doesn't want to take bonus depreciation for 2021 or 2022) in the following alternative scenarios (assuming half year convention for al. (Use MACRS Table 1. Table 2. and Exhibit 10.10.) 1 Das Shipped e. The vehicle cost $80,000, and she used it 20 percent for business Year Depreciation deduction 2021 2022 15-Year SD 30-Year 3.750 7.219 9.50 ESS LE 7.70 695 6.177 5.713 5.25 6.21 5.00 4 4522 TI MACRS Half-Year Convento Depreciation Rate for Recovery Period Wear S-Year 7-Year 10-Year Year! 33199 20.00% 14.29 10. Year 2 4445 32.00 2449 18 DO Year 1481 19.30 17:49 1440 Year 4 741 1152 12.49 1152 Years 11 52 893 9.22 Year 5.76 1192 737 Near 89) 6.55 446 635 Year 6.56 Year 10 655 Year 11 3.28 Year 12 Vear 13 Year 14 Year 15 Year 16 Year 19 Year 1 Year 19 Year 26 Year 21 4,42 500 591 5.90 591 5.91 5.90 5.91 2.95 4462 4.461 4,462 4.461 4.402 4.461 4. 4451 4 462 4,461 2331 LOR TARLE ZA MACHS Ore Creation word onder druk te fort unter Deportation Rate for New Irlod 5- T-Year Year 00 2500 Wear 2.00 21:43 Sear 15.00 1531 Vara 110 1093 Years 110L Year 11 8.74 Sear? 1.25 Heart TABLE 2 MACRS-Ouarter Come Forum Deprecathate for Recor Period Var thai Trap! 17393 Year: 30.00 23:47 Sear 100 16.96 Trar 1137 Years 11:17 327 Years 4.36 881 -7 87 Yar 134 TABLE MACBS M.Quarter Comfort podericia Depreciation Rate for Recorary Period 5-Year 7. Year IS DO 101 Year 440 25 55 Year 20.40 1832 Year 120 Year 4 Year 5616 Ver 11:17 1199 Yes 11.13 Year 4:36 XX Year 7 Smar 3.94 TABLE 2 MACRS Mid-Quarter Camation For property planning Expreciation are for any 5-Year 7. Year 15.00 10.15 Year 2 34.00 2351 Wars 20.40 18.22 Year 4 1234 1300 Ver 11 Year Sear7 Tears TABLE MACRS- MC mer Depan Rate for Her Pied 5. 7. Ver 3.00 1575 Year 10 27.55 Year 220 190 Teard BAR 14.00 Yes DODE Year 9.54 STS Ver T3 Year 70 EXHIBIT 10-10 Automobile Depreciation Limits Recovery Year 1 2 3 4 and after 2021 10.100** 16,100 9,700 5,760 Year Placed in Service 2020 2019 10.100 10,100 16.100 16.100 9,700 9,700 5,760 5.760 2018 10.000 16.000 9.600 5,760 *As of press date, the IRS had not released the 2021 limitations for automobiles, so throughout the chapter we use the same limitations as in 2020 for 2021 **$8,000 additional depreciation is allowed when bonus depreciation is claimed (9168(4X2XF))

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