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    sherick's Avatar
    sherick Posts: 7, Reputation: 1
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    #1

    Oct 1, 2011, 03:54 AM
    Vehicle Depreciation-Business
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Oct 4, 2011, 06:44 AM
    No, not really. Depreciation duration is 5 years, and the purchase price (new or used) is the basis for depreciation.
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