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Old 12-22-2008, 10:06 PM
chuck chuck is offline
Junior Member
 
Join Date: Dec 2008
Posts: 1
So I have a question about this...

If I only put down $10,000 on a $60,000 vehicle, can I claim the following:
I can claim the $25,000 writeoff
I can claim $17,500 as an additional first year bonus depreciation
I can claim the first year writeoff of %20 (60-25-17,5).
The total potential writeoff is $46,000, correct?
I am going to use it for 70% business and 30% personal, thus my full writeoff is $29,900. Is this a correct assumption?
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