Straight line depreciation over ten years, that would make sense.
But my Form 4562 from tax year 2021 says I used "200DB/MQ" for both the phone and the computer. The life of the phone is 7 years and the life of the computer is 5.
Ah, but because I am using the both the phone and computer less than 50% for the business means I actually can not use bonus depreciation. Instead, I must use straight line because the rules for the double depreciation and section 179 epxensing both require recapture of the depreciation when business use of the asset falls below 50%. So if business use starts at less than 50%, straight line depreciation is really the only option.
Is that right?
If so, isn't it confusing that TurboTax shows the deprecation method on Form 4562 as "200DB/MQ" ?
