Question: Mark purchased a delivery truck in 2020. Mark uses the truck for both business and personal use. In 2020 Mark depreciated the truck using the

Mark purchased a delivery truck in 2020. Mark uses the truck for both business and personal use. In 2020 Mark depreciated the truck using the half-year convention and no bonus or Section 179 depreciation was taken. In 2020 Mark's business use was 65%. However, in 2021 Mark's business use dropped to 45%. What MACRS depreciation method must Mark use in 2021?

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Depreciation is a deduction that enables a business to write off the cost of the property it buys It does not apply to leased or rented property Usually annual allowances for depreciation are spread o... View full answer

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