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  • Apr 13, 2008, 07:23 PM
    jlitza
    Semi truck depreciation
    We bought a semi in may of 2005. Our accountant did not use any depreciation that year, because our expenses were so high he said he could save it. I need to file for 2006 & 2007. I know a semi depreciates in 3 years. What amount do I use for 2006? And for 2007. We sold the semi in April 2007.
  • May 6, 2008, 10:22 AM
    AtlantaTaxExpert
    A three-year depreciation seems a BIT short; I believe FIVE years is more appropriate.

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