2003-253K - Laserfiche WebLink

Home Browse Search

7154 11/07/2002 8:59 AM Form 4562 Depreciation and Amortization OMB No. 1545-0172 (Rev. March 2002) Department of the Treasury (Including Information on Listed Property) 2001 Internal Revenue Service See se crate instructions. 111� Attach to your tax return . Attachment Names) shown on return CULTURAL COUNCIL OF INDIAN RIVER Sequence No. 67 COUNTY INC . Eldentifying number Business or activity to which this form relates - 3 2 99 :913 3 INDIRECT DEPRECIATION €< ' Election To Expense Certain Tangible Property Under Section 179 . . . . . . . . :. . . . Note : If ou have an fisted propert v. Complete Part V before ou corn tete Part I . 1 Maximum amount. See page 2 of the instructions for a higher limit for certain businesses 2 Total cost of section 179 roe 1 $24 ,000 property► ty placed in service (see page 3 of the instructions) 2 3 Threshold cost of section 179 property before reduction in limitation . . . . 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less , enter -0- 3 $200 , 000 5 Dollar limitation for tax year. Subtract line 4 from line 1 . If zero or less, enter 0-. If married filin separate) , see 4 p . 3 of the instr. 6 5 a Descrition of roe b Cost business use only) c Elected cost 7 Listed property. Enter the amount from line 29 8 Total elected cost of section 17 m � " 8 property. Add amounts in column (c), lines 6 and 7 _. . . . . . :: : :: :': :: "':`::: ::::"::::':":::::"'. :' :"::::"::"' 9 Tentative deduction . Enter the smaller of line 5 or line 8 . . . . ' . ' . ' ' ' ' . ' ' ' ' ' ' ' ' ' ' ' 8 10 Carryover of disallowed deduction from line 13 of your 2000 Form 4562 . . . . . . . . 9 . . . . . . . . . . . . . 11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 (see instructions) 10 12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 , . . . 13 Carryover of disallowed deduction to 2002. Add lines 9 and 10 less line 12 12 Note : Do not use P 13 Part tl or Part III below. . w for listed roe . Instead use Part V. ecial Depreciation Allowance and Other De reciation Do not include listed prol) 14 Special depreciation allowance for certain property (other than listed property) acquired after Sept. 10, 2001see 15 Property subject to section 168(f)(1 ) election (see page 4 of the instructions) ( . . .pg. 3 of the instr.) 14 16 Other de reciation tnctudin ACRS see page 4 of the instructions < Ilfi<< MACRS Depreciation Do not include listed roe See a e 4 of the instruct ions . 16 2r468 Section A 17 MAI deductions for assets placed in service in tax years beginning before 2001 18 If you are electing under section 168(i)(4) to group any assets placed in service durin the .tax 17 9 ear ' Into one or more general ral asset accounts ,co u nts check ck here Section' ton B- As sets Placed ed in Service During 2001 Tax Year Usin the General De reciation S •stem' ..' •. d or (a) Classification of property (b) Month andd (c) Basis fepreciation (d Recovery year placed (busin s for epment use ) ry e Convention service only-seet i period ( ) (f) Method (g) Depreciation deduction 19a 3-year Propertv b 5-yearprope c 7- ear property d 10-year property P rtY e 15-yearro e P P rtY f 2G-year property 25-year property h Residential rental 25 S/L property 27. 5vies . MM S/L i Nonresidential real 27 .5rs . MM S/L property 39 rs . eeeee MM S/L MM S/L Section C-Assets Placed in Service During 2001 Tax Year Usin the Alternative De reciation S tem 20a Class life b 12-year S/L C 40-year 12 yrs• S/L I'i?ar#Ik >I Summa See page 6 of the instructions . 21 Listed property. Enter amount from line 28 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column Enter here and on thea (g ), and line 21 . 21 appropriate lines of your return . Partnerships and S corporations-see instr. . 2 4 6 8 23 For assets shown above and placed in service during the current year, 22 enter the portion of the basis a sls attributable to section 263A A costs For AoAr P a erwo rk Reduction du t' on Act Notice,ce see separate instructions . 23 Form 4562 (2001 ) (Rev. 3-2002) THERE ARE NO AMOUNTS FOR PAGE 2