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Auto & Truck Expenses

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  4. Can Corporations use the standard mileage rate method in calculating auto depreciation?

Can Corporations use the standard mileage rate method in calculating auto depreciation?

No. The use of the standard mileage method is limited to a self-employed individual or an employee who operates an automobile for business purposes. Corporations would not qualify. Partners in a partnership would qualify because they are considered self-employed.

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