As a Toy Hauler is a trailer, in my case a fifth wheel, so mileage is not possible. Also mileage DOES NOT include depreciation.
PLEASE, if you do not know, do not make something up!!!
This is how to depreciate a trailer. What I want to know is how to divide it between two business
MACRS
Review the current MACRS tables released by the Internal Revenue Service.
Find the depreciation percentages most closely associated with the current trailer.
Multiply the depreciation percentage by the trailer’s historical cost. This represents the annual depreciation for the first year.
Subtract the first-year depreciation from the historical cost. Multiply the difference by the second-year depreciation percentage to compute the second-year depreciation figure.
Continue this process following the MACRS table until the trailer’s historical value is zero.
