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Old 03-29-2012, 02:37 PM
Jenniferdawn's Avatar
Jenniferdawn Jenniferdawn is offline Member
Join Date: Sep 2011
Location: California
Posts: 238

Actually, I'm more confused than I thought. I'll give you the numbers and you can help me figure this out.

My depreciation deduction for my van for 2011 is $1494.00. (37,352 (van cost) x .40 (business use) = 14,940 x .10 (first of 5 year straight line depreciation) = $1494.00) But the 100% depreciation rule says the deduction limit is raised by an additional $8000. Does that mean I add $8000 to the $1494 for my deduction? Or do I do 40% of the $8000?

Please anyone, I'm needing some help here.
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