Anita01
New Member

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.

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