My book keeper said they used the "Standard Mileage Deduction" for the asset, and that their tax software documented/accounted for the depreciation in this method. That is why there is no depreciated asset listed on form 4562. It's a little confusing, but the book keeper said to continue using standard mileage deduction moving forward and I'd be fine. They said the used the regular mileage rate of 57.5 cents per mile, and of that 27 cents per mile was depreciation. I will just use standard mileage deduction moving forward.
