Depreciation and Amortization

vom 4962

Department of the Treasury
Internal Revenue Service

P See separate instructions.
DP attach this form to your return.

OMB No. 1545-0172

1987

Attachment
Sequence No_ 67

Name(s) as shown on return

Identifying number

Business or activity to which this form relates

| Part |] Depreciation (Do not use this part for automobiles, certain other vehicles, computers, and property used for

entertainment, recreation, or amusement. Instead, use Part Ill.)

Section A.—Election To Expense Depreciable Assets Placed in Service During This Tax Year (Section 179)

(a) Description of property [__ (@) bate placed in service (©) 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 placed in service during this tax) year is
more than $200,000 . soe

5 Subtract line 4 from line 3. If result is less thanz zero, >, enter zero (See instructions for other limitations)

Section B.—Depreciation

(b) Date (e) Method
placed in
service

(c) Basis for depreciation
(Business use only—see
instructions)

(d) Recovery

(a) Class of property period

figuring
depreciation

(f) Deduction

6 Accelerated Cost Recovery System (ACRS) (see instructions): For assets placed in service ONLY
during tax year beginning in 1987

a 3-year property

b 5-year property

c 7-year property

d 10-year property

e 15-year property

f 20-year property

g Residential rental property

h Nonresidential real property

7 Listed property—Enter total from Part Ill, Section A, column (g).
8 ACRS deduction for assets placed in service prior to 1987 (see instructions)

Section C.—Other Depreciation

9 Property subject to section 168(f)(1) election (see instructions)
10 Other depreciation (see instructions) .

Section D.—Summary

11 Total (add deductions on lines 5 through 10). Enter here and on the Depreciation line of your return (Partner-
ships and $ corporations—Do NOT include any amounts entered on line 5.) rn

12 For assets above placed in service during the current year, enter the portion of the basis
attributable to additional section 263A costs. (See instructions for who must use.)

iggy Amortization
Amortiza-
(e) Cost or (d) Code ©
(a) Description of property (b) Date acquired tion period or
other basis section percentage

(Amortization
for this year

1 Amortization for property placed in service only during tax year beginning in 1987 LM YELM

Wy

LY

LLM

2 Amortization for property placed in service prior to 1987 _.

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 (1987)


Form 4562 (1987) Page 2

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 1s 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? __] Yes LJ No _ifyes, isthe evidence written? CL] yes LJ No
(c) Business (d) Cost or
(a) Type of property Poze use Sherass oes er ce erecraton | CO Deprerratio” | (g) Depreciation (hy Section
(list vehicles first) service percentage (see structions fr instructions) recovery period deduction 179 expense

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

Total (Enter hereandonline7,pagel.) . . . . .

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.

© /fyou 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... oe oe
4 Total other personal (noncommuting)
miles driven.

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

5 Was the vehicle available for personal use
during off-dutyhours?. . 2. .

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

7 |s another vehicle available for personal

use?.
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 (/////7
employees?

9 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your
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? . soe So

11 Do you provide more than five vehicles to your employees and retain the information received from your employees MM

concerning the use of the vehicles?. ee
12 Do you meet the requirements concerning fleet vehicles or 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. Yh

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