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Deductions & credits
@ryshermsinc wrote:purchase price of vehicle #2 was $29.5k, we put $5k into it.
So we received $22k for it when we originally paid $29.5k.
Was the $5,000 you put into it an "improvement" that was depreciated, or was it just "repairs" and maintenance?
Over the time that you owned the vehicle, what was the average business percentage?
How much depreciation were you able to take on the business vehicle?
‎February 14, 2025
1:36 PM