I USED MY 2012 CAR FOR MY BUSINESS THRU 2016. I DIDN'T DEPRECIATE MY CAR I USED STD. MILAGE.
CAR COST $22,100, TRAD-IN $8000.OO TO PAY-OFF. NEW CAR $42,800. TT IS AASKING FOR "DEPRCIATION EQUIVALENT FOR TOTAL MILES _____" & "AMT DEPRCIATION EQUIVALENT FOR TOTAL MILES _____". AND I DON'T KNOW WHAT "DEPRCIATION ALLOWANCE" IS. WHAT DO I PLACE IN THESE BLANKS.
I DON'T NEED EXPLANATION ON "DEPRCIATION EQUIVALENT FOR BUSINESS MILES _____" I GOT THIS FIGURED OUT. AGAIN I DIDN'T DEPRECIATE MY CAR AT ALL.
