L
lynda8716
Guest
How can I back into a depreciation schedule?
I am looking at a prior year depreciation schedule. A vehicle was put n service 07/01/03 and no Section 179 was taken. The vehicle had a 5 year life and is depreciated using 200 DB/HY, however in 2007 the prior year deprecation was $12,685 and current year (2007) was $1,775. Shouldn't the vehicle be more depreciated by the end of 2007 then $14,460? Thanks.
I am looking at a prior year depreciation schedule. A vehicle was put n service 07/01/03 and no Section 179 was taken. The vehicle had a 5 year life and is depreciated using 200 DB/HY, however in 2007 the prior year deprecation was $12,685 and current year (2007) was $1,775. Shouldn't the vehicle be more depreciated by the end of 2007 then $14,460? Thanks.