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Lutz Corporation acquired a 100% business-use automobile (MACRS 5-year recovery) on July 1,2017

for $32,000. The company did not elect Sec. 179 expensing and elects out of bonus depreciation.

(Click the icon to view MACRS half-year convention rates.)

(Click the icon to view Luxury Automobile Depreciation limits.)

Requirement

What is depreciation for 2017 2019, and any subsequent years? (Use MACRS rates to three decimal places, X.XXX%. Round all currency amounts to the nearest dollar.)

Year	Allowable Depreciation Deduction
2017
2018
2019

For subsequent years, the allowed depreciation deduction each year is
until the automobile is fully depreciated.

General Depreciation System-MACRS Personal Property Placed in Service after 12/31/86 Applicable Convention: Half-year Applicable Depreciation Method: 200 or 150 Percent Declining Balance Switching to Straight Line If the Recovery Year Is: And the Recovery Period Is: 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year The Depreciation Rate ls: 20.00 32.00 19.20 11.52 14.29 24.49 17.49 12.49 8.93 8.92 10.00 18.00 14.40 11.52 9.22 7.37 6.55 6.55 3.750 7.219 6.677 5.00 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.713 5.285 4.888 4.522 4.462 7 9 Print Done

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