The IRS says you need to allocate expenses between business and personal, it doesn't matter if you would pay the same or not. It is like a home office, if you have the room in your house and you use it for other things, even though it is there, it is not eligible to be a home office.
No. You would not list it as a depreciable asset. You can list the phone as either a lease expense or just include it with your monthly cell phone bill.
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