On April 5,2023, Kinsey places in service a new automobile that cost $58,250. He does...

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Accounting

On April 5,2023, Kinsey places in service a new automobile that cost $58,250. He does not elect 179 expensing, and he elects not to
take any available additional first-year depreciation. The car is used 95% for business and 5% for personal use in each tax year. Kinsey
uses the regular MACRS method of cost recovery (the auto is a 5-year asset).
Click here to access the depreciation table to use for this problem.
If required, round your final answers to the nearest dollar.
Compute the total depreciation allowed for:
image

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