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Depreciation from previous years
Last year I started a small business - I bought equipment that I listed as assets to depreciate - looks like 5 years, and elected to take a portion of the value as a deduction in 2021.
This left me with a portion of the equipments' value as an asset to depreciate.
However, I'm not sure how to claim the depreciation this year. It should be 1/5th of the value that was given last year, since it was a straight-line depreciation.
‎April 13, 2023
10:52 PM