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Deductions & credits
I'm having an issue with having the truck (rig / semi) depreciate over 3-5 years. As an asset category, I chose "General purpose tools, machinery and equipment". If 2 steps later I choose "I'll spread the deduction over several years", the details on the next screen show that it will take 7 years to fully depreciate it with 200DB depreciation method. What is the right way to make it work?
May 16, 2021
10:21 PM