1-26 Conversion of Personal Asset to Business Use. Sid purchased an autom guzeu On the bar use on January 18, 2015 for $20.000. On January 1, 2019, Sid starts a so Asset to Business Use. Sid purchased an automobile for personal tomobile exclusively in the business. The automobile's FMV on this a. What is the automobile's basis for depreciation when converted ACRS depreciation deductions are based on a 5-year recovery period. mobile's basis for depreciation when converted to business use in 2019? what is Sid's depreciation deduction in 2019? does not elect Sec. 179 expensing and elects out of bonus depreciation