On June 5, 2018, Roxy Company purchases a passenger auto for $60,000. Roxy does not take a Sec. 179 deduction and elects out of 100% bonus on all 5-year property. Compute tax depreciation for...

Extracted text: On June 5, 2018, Roxy Company purchases a passenger auto for $60,000. Roxy does not take a Sec. 179 deduction and elects out of 100% bonus on all 5-year property. Compute tax depreciation for 2018-2025. A company car is used 60% for business and 40% for personal use. Annual tax depreciation is $16,000. Compute allowable depreciation if: a. The car is owned by a corporation and driven by an employee. b. The car is owned by Joan's sole proprietorship and driven by employee Jim. c. The car is owned by a sole proprietorship and driven by the owner.