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On September 14, 2014, Jay purchased a passenger automobile that is used 75 percent in...

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Accounting

On September 14, 2014, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposed of $35,000, and Jay uses the accelerated method under the MACRS. Jay does not take bonus depreciation deduction or elect to expense. a. Calculate Jay's depreciation deduction for 2014. b. Assuming the same business percentage (75 percent) in 2015, calculate Jay's depreciation deduction for 2015.

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