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- depreciation - less than 50% use if accumulative depreciation ( prior years) greater than business basis
depreciation - less than 50% use if accumulative depreciation ( prior years) greater than business basis
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JOHNNYCPA1
Level 2
03-15-2021
07:28 AM
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I had to to convert from 5 years macrs to straight line depreciation on a truck over 6000 lbs. Say on the fourth year of depreciation, if the truck your bought was $10,000 and the 4th year was 10% business use which is $1,000 and your prior accumulative depreciation was say $4000. Is your depreciation deduction for the current year is 0 because your accumulative depreciation $4,000 is greater than $1,000 business basis?
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