I bought brand new $28,000 car which is used 80% Uber and 20% Personal use.
I used it for 5 months for Uber.
Can someone guide me how to calculate depreciation cost for this year and where exactly I can put this figure during under Business income?
Yes. It'll be all worked out in the Business and professional items schedule. You'll need work out which depreciation method you're eligible for.
We also have a Depreciation and capital allowances tool that may help.
Yes. It'll be all worked out in the Business and professional items schedule. You'll need work out which depreciation method you're eligible for.
We also have a Depreciation and capital allowances tool that may help.
22 Apr 2024 · 6 min read time
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