I'm trying to do my own C corp taxes this year, and I noticed that the depreciation schedule my former CPA had on a pure business use vehicle is different than what Turbotax is calculating.
Cost: $25,000
Depreciation method: GDS 200% DB/HY
Period: 5 years
In service: 1/31/2016
2016: $3,160
2017: $5,100
2018: $3,050
2019: $1,875
2020: $1,875
2021: $1,875
Total Accumulated Depreciation: $16,935.00
Why does the method my former CPA using limit deprecation limited to $16,935? How would I do this in Turbotax? Turbotax seems to do accumulate 100% depreciation over 5 tears. Thanks!
