leslie1983
Returning Member

Depreciation

Plumber client has a work van he purchased in 2009. He depreciated it for 3 years and 4 months as a self employed individual and then went to work for a company. Basically parked the van. He restarted his self employed plumbing work in 2020. How does he use the remaining depreciation on the van which he started to use again? Continue on and claim the remaining 20 months over 2 years or start over using the unused depreciation over 5 years (the van weighs 9000 lbs)

 

Thanks,

Les