[ANSWERED] Your client is a self-employed attorney who is considering the purchase of a $65,000 automo – bile..

Your client is a self-employed attorney who is considering
the purchase of a $65,000 automo – bile chat will be used 80% for business.
a. What depreciation method and recovery period are used
under MACRS for the automobile?
b. How would your answer to Parr a change if your client
were an employee and the automobile was nor required as a condition of
employment?
c. What tax consequences occur in Parr a if the business use
of the automob ile decreases to 50 % or less in a succeeding year? Explain.