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Depreciation of minivan

Level 2

100% business use minivan over 6,000 pounds under 14,000 cost $37,500. Looks to me like section 179 is limited to $25K and then can take regular depreciation of $2500. However if I use special depreciation it allows the full amount. Is that correct?

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2 Replies 2
Level 15

Yup

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Level 15
Level 15

Your state may not allow Special Depreciation though, so that could be a factor in your decision on which way to go.


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