Depreciation and Amortization

P See separate instructions.

rom 4562

Department of the Treasury

OMB No. 1545-0172

1988

Attachment
Internal Revenue Service D> Attach this form to your return. Sequence No. 67.
Name(s) as shown on return identifying number

Business or activity to which this form relates

Depreciation (Use Part II! for automobiles, certain other vehicles, computers, and property used for entertainment,

recreation, or amusement. )

Section A.—Election To Expense Depreciable Assets (Section 179)

(a) Description of property (b) Date placed in service (c) Cost (d) Expense deduction
1
2 Listed property—Enter total from Part Ill, Section A, column (h).
3 Total (add lines 1 and 2, but do not enter more than $10,000) :
4 Enter the amount, if any, by which the cost of all section 179 Property paced in service curing this tax: year is
more than $200,000 .
5 Subtract line 4 from line 3. If less than zero, enter zero, “(See instructions for other limitations. )
Section B.—Depreciation
(e) Method
(b) Date Basis for d i
(2) Class of property ocean (Bisinessuseonysee | REcowery | ot (0 Deduetion
service instructions) depreciation
6 Modified Accelerated Cost Recovery System (MACRS) (see instructions): For assets placed in
service ONLY during tax year beginning in 1988
a 3-year property
b 5-year property
c 7-year property
d 10-year property
e 15-year property L
f 20-year property
g Residential rental property
h_ Nonresidential real property
7 Alternative Depreciation System (ADS)
8 Listed property—Enter total from Part Ill, Section A, column (g).
9 MACRS deduction for assets placed in service prior to 1988 (see instructions). .
Section C.—ACRS and/or Other Depreciation
10 Property subject to section 168(f)(1) election (see instructions)
11 _ACRS and/or other depreciation (see instructions) rey
Section D.—Summary
12 Total (add deductions on lines 5 through 11). Enter here and on the Depreciation line of your return n (Partner.
ships and S corporations—Do NOT include any amounts entered on line 5.)
13 For assets above placed in service during the current year, enter the portion of the basis
attributable to section 263A costs. (see instructions). eee
gags Amortization
(e) Amortiza-
(a) Description of property (b) Date acquired © Cost or (@) Code ton peed or Cy ariatization

1 Amortization for property placed in service only during tax year beginning in 1988

2 Amortization for property placed in service prior to 1988 .

3 Total. Enter here and on Other Deductions or Other Expenses line of your return .

See Paperwork Reduction Act Notice on page 1 of the separate instructions.

Form 4562 (1988)


Form 4562 (1988) Page 2

i<laaiig Automobiles, Certain Other Vehicles, Computers, and Property Used for Entertainment, Recreation, or
Amusement (Listed Property).

If you are using the standard mileage rate or deducting vehicle lease expense, complete columns (a) through (d) of Section A, all of
Section B, and Section C if applicable.

Section A.—Depreciation (If automobiles and other listed property placed in service after June 18, 1984, are used 50% or
less in a trade or business, the section 179 deduction is not allowed and depreciation must be
taken using the straight line method over 5 years. For other limitations, see instructions.)

Do you have evidence to support the business use claimed? Clyes CJ No if “Yes,” is the evidence written? TJ Yes CJ No

(©) Business (4) Cost or
(a) Type of property eee use Sherbass oe eee oeprerane” | Cg) Depreciation (h) Section
(lst vehicles first) faced ir percentage | (see instructions for ness use-only etn ares deduction 179 expense
(%) leased property)

Total (Enter here and on line 2, page 1.) .

Total (Enter here and on line 8, page 1.) _.

Section B.—Information Regarding Use of Vehicles
Complete this section as follows, if you deduct expenses for vehicles:
@ Always complete this section for vehicles used by a sole proprietor, partner, or other more than 5% owner or related person.

@ /f you provided vehicles to employees, first answer the questions in Section C to see if you meet an exception to completing this section
for those items.

Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Vehicle 5 Vehicle 6

1 Total miles driven during the year .

2 Total business miles driven during the year
3 Total commuting miles driven during the

year. So
4 Total other personal (noncommuting)
miles driven. soe

Yes | No | Yes | No | Yes | No | Yes | No | Yes | No | Yes | No

5 Was the vehicle available for Personal use
during off-duty hours? .

6 Was the vehicle used primarily by a more
than 5% owner or related person? .

7 \s another vehicle available for personal

use?, fa : .
Section C.. Questions for Employers Who Provide Vehicles for Use by Employees.
(Answer these questions to determine if you meet an exception to completing Section B. Note: Section B must always be
completed for vehicles used by sole proprietors, partners, or other more than 5% owners or related persons.)
Yes | No
8 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your Yh
employees? .
9 Do you maintain a written policy ‘statement that prohibits personal v use of Vehicles, except ‘commuting, by your’ Uf,

employees? (See instructions for vehicles used by corporate officers, directors, or 1% or more owners.) .
10 Do you treat all use of vehicles by employees as personal use? . woe
11 Do you provide more than five vehicles to your employees and retain the information received from y your 1 employees It
concerning the use of the vehicles? .

12 Do you meet the requirements concerning qualified automobile demonstration use (see instructions)? .
Note: /f your answer to 8, 9, 10, 11, or 12 is “Yes,” you need not complete Section B for the covered vehicles.