So i see that the amount is $3160 + 8000 in bonus depr. which is $11,160 towards the price of the vehicle. I understand i can choose certain expense types (standard mileage or actual expenses) but the part i am unclear on is the $3160 + 8000. The purchase price of the vehicle was ~8000. This car is an older car but is new to me, purchased this calendar year, and was put into service this year. The total price of the Car with taxes was ~$8800. Do i get to write off $8800 *(% of car for business) OR only $3160*(% of car for business). (or $8000 * % of car for business)
Thanks.
