DianeW777
Expert Alumni

Business & farm

It depends.  If you used actual expenses and not the standard mileage rate (SMR) then you may need to answer these questions.

 

  1. If the vehicle was 50% or more for business then the depreciation would be MACRS, if 49% or less then it would be ADS.
  2. The asset class should be 5 years and the method would be SL if less than 50% business use.  
  3. If your vehicle was placed in service before October the first year, it would definitely be half year convention. Mid quarter is dependent on any other assets that may have been placed in service the same year in the last quarter.
    1. IRS Depreciation FAQs (for future use)

@sam561 

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