Can I claim full depreciation on a broken cellphone?
By Alicia Human · Updated
I had a cellphone that I was calculating depreciation on. However the phone broke and I now have a new phone which I will claim depreciation on. For the previous phone, am I able to claim the remaining deprecation amount (that I would have been claiming on in coming years) in the current tax year?
You can unfortunately only claim depreciation for as long as you used the phone for business purposes.