Cents per Mile: |
55 |
New Car Max Depr Amt |
New Truck Max Depr Amt |
Used Car Max Depr Amt |
Used Truck Max Depr Amt |
Depreciation: |
Depr % |
First Tax Year |
20% |
$10,960 |
$11,060 |
$2,960 |
$3,060 |
Second Tax Year |
32% |
$4,800 |
$4,900 |
$4,800 |
$4,900 |
Third Tax Year |
19.2% |
$2,850 |
$2,950 |
$2,850 |
$2,950 |
Fourth Tax Year |
11.52% |
$1,775 |
$1,775 |
$1,775 |
$1,775 |
Fifth Tax Year |
11.52% |
$1,775 |
$1,775 |
$1,775 |
$1,775 |
Sixth Tax Year |
5.76% |
$1,775 |
$1,775 |
$1,775 |
$1,775 |
Each Additional Tax Year |
|
$1,775 |
$1,775 |
$1,775 |
$1,775 |
|