Depreciation Essay

88488 Words May 26th, 2013 354 Pages
Department of the Treasury Internal Revenue Service

Contents
What's New for 2012 . . . . . . . . . . . . . . . . . . . . . . . . 2 What's New for 2013 . . . . . . . . . . . . . . . . . . . . . . . . 2 Reminders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Chapter 1. Overview of Depreciation . . . . What Property Can Be Depreciated? . . . . What Property Cannot Be Depreciated? . . When Does Depreciation Begin and End? What Method Can You Use To Depreciate Your Property? . . . . . . . . . . . . . . . . . . What Is the Basis of Your Depreciable Property? . . . . . . . . . . . . . . . . . . . . . . How Do You Treat Repairs and Improvements? . . .
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. . . . When Must You Recapture an Allowance? . . . Chapter 4. Figuring Depreciation Under MACRS . . . . . . . . . . . . . . . . . . . . . . . . . . Which Depreciation System (GDS or ADS) Applies? . . . . . . . . . . . . . . . . . . . . . . . Which Property Class Applies Under GDS? What Is the Placed in Service Date? . . . . . . What Is the Basis for Depreciation? . . . . . . Which Recovery Period Applies? . . . . . . . . Which Convention Applies? . . . . . . . . . . . . Which Depreciation Method Applies? . . . . . How Is the Depreciation Deduction Figured? How Do You Use General Asset Accounts? When Do You Recapture MACRS Depreciation? . . . . . . . . . . . . . . . . . . . .

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Get forms and other Information faster and easier by: Internet IRS.gov
Feb 15, 2013

Chapter 5. Additional Rules for Listed Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 What Is Listed Property? . . . . . . . . . . . . . . . . . . 55 Can Employees Claim a Deduction? . . . . . . . . . 56

What Is the Business-Use Requirement? . . Do the Passenger Automobile Limits Apply? What Records Must Be Kept? . . . . . . . . . . How Is Listed Property Information Reported? . . . . . . . . . . . . . . . . . . . . . .

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pre-2006 unused minimum tax credits in lieu of

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