ilmscore | Business Asset Depreciation (Vehicles) Predictions
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Business vehicles are typically depreciated over 5 years. A $50,000 car purchase may only allow a $10,000 deduction in the first year, with subsequent deductions spread over the following years, unless bonus depreciation or Section 179 is utilized.
"vehicles are written off over 5 years leasehold improvements like the moldings that you see here are..."
Apr 22, 2024
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