how long does it take to depreciate a vehicle
To claim a deduction for the depreciation of a vehicle, the vehicle must meet four requirements: you must own the vehicle; you must use the vehicle for business-related activities; the vehicle must have a determinable useful life; and the vehicle must last more than one year.se Form 4562 to determine your deduction for depreciating a business vehicle. Jupiterimages/Comstock/Getty Images. Depreciation is an income tax deduction that allows business owners to recover the cost of business property during the time the property is used for business purposes.