The depreciation equivalent is a percentage of the total business mileage claimed for the year. In 2018, it was .25 per mile.So if you claimed 1,000 business miles, your depreciation equivalent for that year is $250.
As far as the difference between depreciation equivalent and AMT can get complicated. The amount of depreciation for AMT purposes may be different than the prior depreciation if you are subject to AMT. The most simple explanation is if you took and Special Depreciation allowance or Accelerated Depreciation on the asset in prior years, that special (or excess) amount would be deducted for AMT purposes. If you did not do this, then AMT Depreciation would be the same as regular depreciation. This would only be relevant if you are faced with an AMT situation this year. Most people are not.
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