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Why my calculation of depreciation expense is different from Turbotax
House: $236,580
Land: $47,316
Date I started using it in business: 8/1/2023
% of Use: 100%
Method: SL
My calculation: ($236,580-$47,316)/27.5/365days*153days=$2,885
TurboTax: $2,581
‎April 9, 2024
5:59 AM