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Affinitylogistics
Level 1
November 21, 2024
Question

Hello, so in May of 2021, I started making 1,000$/mo. payments on a used class 8 semi truck for my business. The total price was 35,500$. How does the depreciation work?

I havent filed 2021-2023 yet. Whats the depreciation max and how can I split that through the years to get taxed owed down?
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