How do I apportion the depreciation?
By Marc Sevitz · Updated
Good day. I have a cell phone worth 5400. I use it 80% for business and 20% personal use. Will my deduction be the full 5400 because its under 7000 or 5400*80%?
thank you in advance
thank you in advance
No you will only be able to deduct the 80% for business use.