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Business & farm
Depreciation is taken on assets used for a business purpose based on how much of the total use of the asset was for business. This is showing the depreciation received if you used the asset 100% for your business. For example, if you use a cell phone 20% for business and 80% for personal use, you can only depreciate 20% of the cost of the phone, or the monthly expense.
‎June 3, 2019
1:39 PM