2003-253T - Laserfiche WebLink

Home Browse Search

8010 02/07/2003 12:12 PM Depreciation and Amortization OMB No. 1545-0172 Form 4562 (Rev. March 2002) ( Including Information on Listed Property) 2001 Department of the Treasury Attachment 67 Internal Revenue Service 10' See se ►rate instructions. Attach to our tax return. Sequence No. Name(s) shown on return SUBSTANCE ABUSE COUNCIL Identifying number OF INDIAN RIVER COUNTY INC . 65 - 0202835 Business or activity to which this form relates INDIRECT DEPRECIATION Pam 4f Election To Expense Certain Tangible Property Under Section 179 Note : If you have any listed property, Complete Part V before you complete Part I . 1 Maximum amount. See page 2 of the instructions for a higher limit for certain businesses 1 $241000 2 Total cost of section 179 property placed in service (see page 3 of the instructions) . . . . . . . . . . . . . . 2 3 Threshold cost of section 179 property before reduction in limitation . . .. . . . 000 . . . . . . . . . . . . . . . . . . . . 3 $. . . . . . . . . . . . . . . . . . . 4 Reduction in limitation. Subtract line 3 from line 2. If Zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . 4 5 . Dollar limitation for tax year. Subtract line 4 from line 1 . If zero or less, enter -0-. If married filing rat , see pg. 3 of the Instr.5 a Description of b Cost business use on c Elected cost 6 7 Listed property. Enter the amount from line 29 7 8 Total elected cost of section 179 property. Add amounts in column (c), fines 6 and 7 g . . . . . . . . . . . . 9 9 ' Tentative deduction. Enter the smSilter of line 5 or line 8 . . . . . . . . . .`. . . . . . : . . . . . . . . . . 10 10 . Carryover of disallowed deduction from line 13 of your 2000 Form 4562 11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 (see instructions) 11 12 Section 179 expense deduction. Add lines 9 and 101 but do not enter more than line 11 12 13 Carryover of disallowed deduction to 2002. Add lines 9 and 10less line 12 ► FITE Note: Do not use Part II or Part III below for listed property, Instead use Part V. SWON cial De reciation Allowance and Other Depreciation Do not include :listed prope 14 Special depreciation allowance for certain property (other than listed property) acquired after Sept ' 10, 2001 (see pg. 3 of the instr.) 14 898 15 Property subject to section 168(f)(1 ) election (see page 4 of the instructions is. Other depreciation (including ACRS see page 4 of the instructions) 1s 15 717 MACRS Depreciation (Do not include listed property ) (See page 4 of the instructions ) Section A ' 17 MACRS deductions for assets . placed in service in tax years beginning before 2001 17 . . . . . . . . . . . . . . 18 If you are electing under section 1680(4) to group any assets placed in service during the fax year into one or more cieneral asset accounts, check here Section B-Assets Placed in Service During 2001 Tax Year Using the General Depreciation System {a) Classification of (b) Month and (c) Basis for depreciation d) Recovery property year placed in (businessfinvestment use (e) Convention (f) Method (g) Depreciation deduction serwce on -see instnicti period 19a 3-year property b 5 ear pro rty c .7- ear rorty d 10-year property e 15-year property f 20 ear property 25 ear 2ropertyx 25 S/L h Residential rental 27.5 MM S/L 2roperty 27.5 yrs. MM S/L I Nonresidential real 39 yrs. MM S/L 2ropertyMM S/L Section C-Assets Placed in Service During 2001 Tax Year Usinthe Alternative Depreciation System 20a Class life MW S/L b 12- ear 12 yrs. S/L C 40 ear 40 MM S/L a ly- Summa See page 6 of the instructions . 21 Listed property. Enter amount from line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 22 Total . Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21 . Enter here and on the appropriate lines of your return . Partnerships and S corporations-see instr. . _ . . . . . . . . 22 16r615 23 For assets shown above and placed in service during the current year, enter the ortion of the basis attributable to section 263A costs 23 For Paperwork Reduction Act Notice, see separate instructions. Form 4362 (2001 ) (Rev. 3-2002) DAA