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Search results with tag "Publication 946"
2021 Publication 946 - IRS tax forms
www.irs.gov538 Accounting Periods and Methods 551 Basis of Assets. Form (and Instructions) Sch C (Form 1040) Profit or Loss From Business 2106 Employee Business Expenses 3115 Application for Change in Accounting Method 4562 Depreciation and Amortization. See chapter 6 for information about getting publications and forms. What Property Can Be Depreciated?
Depreciation - IRS tax forms
www.irs.govsubsequent year of its class life. See Publication 946, How to Depreciate Property. Example: Shawn bought and placed in service a used pickup for $15,000 on March 5, 1998. The pickup has a 5 year class life. His depreciation deduction for each year is computed in the following table. Year Cost x MACRS % Depreciation 1998 $15,000 x 20.00% $3,000