No, you will enter the vehicle as an asset and list the full value you will pay for the vehicle as the value. Per DavidD66 instructions, "If you haven't already, answer the annual election questions, and then select "Add an Asset" from your Business Asset Summary. You expense the truck by depreciating it (it doesn't matter how or when you paid for it). You will have some options how to depreciate your truck electing bonus depreciation, and/or Section 179 expense."
For more information on depreciation expense, see the TurboTax Help article: Depreciation of Business Assets and IRS Publication 946 How to Depreciate Property.
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