About Publication 946, How to Depreciate Property Internal Revenue Service
May Oak bought and placed in service an item of section 179 property costing $11,000. May used the property 80% for business and 20% for personal purposes. The business part of the cost of the property is $8,800 (80% (0.80) × $11,000). If you do not claim depreciation you are entitled to deduct, you must …
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