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Posted by removeps-groups@yahoo.com on April 16, 2008, 2:08 pm
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(1) Where does one find the table of the depreciation component of the
standard mileage rate. The following page
http://www.irs.gov/pub/irs-drop/rp-07-70.pdf
only has the components for 2003 to 2008.
(2) How you calculate the 25% profit. I imagine the general formula
is
profit = (sale price on business usage) - (cost price on business
usage) + (depreciation)
But how do you determine (sale price on business usage) if the
business usage changes every year?
And how do you determine (cost price on business usage)?
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