Response to the following :
1. Luxury Automobiles
On September 13, 2014, Debi places in service a new car costing $25,000 (her only acquisition during the year). She uses the car 90% of the time for business. Compute Debi's maximum depreciation expense for 2014.
2. Leased Vehicles
On March 1, 2014, Casey enters into a 36-month lease for a car valued at $36,400. Her monthly lease payment is $470, and she uses the car 75% for business. What amount will Casey deduct in 2014 and 2015?