schirallicpa Posted April 3, 2008 Report Share Posted April 3, 2008 Trading vehicles. Old vehicle had standard mileage. Do I go back and figure what depreciation shoulda woulda coulda been to figure basis of new vehicle. Or just go with the invoice. Yes- similar assets. Nothing fancy here. Brains are a little mushy lately. Thanks for the help. Quote Link to comment Share on other sites More sharing options...
jainen Posted April 3, 2008 Report Share Posted April 3, 2008 >>go back and figure what depreciation shoulda woulda coulda been<< The depreciation component of standard mileage allowance is 19 cents for 2007, 17 cents for 05/06, and 16 cents for 03/04. Quote Link to comment Share on other sites More sharing options...
schirallicpa Posted April 3, 2008 Author Report Share Posted April 3, 2008 Hey you're AWESOME! Quote Link to comment Share on other sites More sharing options...
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