Assume I'm buying a $50,410 car (Tesla model 3) in 2023 for 100% business use and I take bonus depreciation.
Is Option 1, Option 2, Option 3 correct for the depreciation deduction?
Option 1
2023: $20,200
2024: ($50,410 - $20,200) * .32 = $9,667.2
2025: ($50,410 - $20,200) * .1920 = $5,800.32
2026: ($50,410 - $20,200) * .1920 = $5,800.32
2027: ($50,410 - $20,200) * .0576 = $1,740.09
Option 2
2023: $20,200 + ($50,410 - $20,200) * .2 = $26,242
2024: ($50,410 - $20,200) * .32 = $9,667.2
2025: ($50,410 - $20,200) * .1920 = $5,800.32
2026: ($50,410 - $20,200) * .1920 = $5,800.32
2027: ($50,410 - $20,200) * .0576 = $1,740.09
Option 3
2023: $20,200
2024: ($50,410 - $20,200) * .32 = $9,667.2
2025: ($50,410 - $20,200 - $9,667.2) * .1920 = $3,944.2
2026: ($50,410 - $20,200 - $9,667.2 - $3,944.2) * .1920 = $3,186.9
2027: ($50,410 - $20,200 - $9,667.2 - $3,944.2 - $3,186.9) * .0576 = $772.5
And can we even apply safe harbor in 2023 (https://www.irs.gov/pub/irs-drop/rp-19-13.pdf)?
Additionally, will bonus depreciation be the best bet for maximizing deductions (assuming im not using the standard mileage) for a vehicle.
