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Business & farm
Yes, it is an anomoly, apart from continuing to depreciate an asset that has been retired to personal use. This is an appopriate action. You can't continue to depreciate a business asset if there is no business.
In addition, for the past three years, if there was no profit motive (or income), this would have been considered a hobby. You would still not be able to depreciate the camera gear.
March 1, 2020
9:30 AM