Depreciation is either actual depreciation taken as actual expenses or part of the standard mileage. For standard using your business miles times the depreciation amount each yeare:
For 2021, it was 26 cents per mile.
For 2020, it was 27 cents per mile driven.
For 2019, 26 cents per mile.
For 2017 and 2018, 25 cents per mile,
For 2016 it was 19 cents per mile.
You can google IRS mileage depreciation if you need more years.
Example:
Drove 3,000 miles in 2021 and 12,000 in 2020 for business use.
3,000 x 0.26 + 12,000 x 0.27 = depreciation taken
@rachelrose1016
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