Yes, you will have depreciation expense for the next five years on this truck. You're receiving accelerated depreciation because this is the first year you used the truck for business. The remaining basis will be written off over the remaining life (five years) according to the rules of depreciation.
Look for Form 4562 Depreciation and Amortization Report that prints with your complete return. This report shows your depreciable basis, the useful life, and the depreciation method that will be used in future years.
@ElijahTalcott
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