Is there any difference in how to depreciate a car/truck used 100% for business based on whether it's a NEW car/truck or a USED car/truck at the time of purchase?
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Is there any difference in how to depreciate a car/truck used 100% for business based on whether it's a NEW car/truck or a USED car/truck at the time of purchase?
No, not really. Depreciation duration is 5 years, and the purchase price (new or used) is the basis for depreciation.
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