4562 Depreciation and Amortization
form (Including Information on Listed Property)

OMB No. 1545-0172

1990

Department of the Treasu
Internal Ravenue Service D> See separate instructions. D> Attach this form to your return. Attachment 67
(Name(s) shown on return ‘Identifying number

‘Business or activity to which this form relates

Election To Expense Certain Tangible Property (Section 179) (Note: /f you have any “Listed Property,” also

complete Part V.)
1 Maximum dollar limitation (see instructions) . 1 $10,000
2 Total cost of section 179 property placed in service during the tax year (see instructions) 2
3 Threshold cost of section 179 property before reduction in limitation . 3 $200,000
4 Reduction in limitation—Subtract line 3 from line 2, but do not enter less than 0. : 4
5 Dollar limitation for tax year—Subtract line 4 from line 1, but do not enter less than -O- . se 5
{a) Description of property (0) Cost (©) Elected cost
6
7 Listed property—Enter amount fromline26. . . . I 7 a
8 Total elected cost of section 179 property—Add amounts in column ©), lines 6 and7 8
9 Tentative deduction—Enter the lesser of line 5 orline8 . . bone 9
10 Carryover of disallowed deduction from 1989 (see instructions) 10
11 Taxable income limitation—Enter the lesser of taxable income or line 5 (see instructions) 11
12 Section 179 expense deduction—Add lines 9 and 10, but do not enter more than line 11. 12
13 Carryover of disallowed deduction to 11991—Add lines 9 and 10, less line 12 > [ 13 |
Note: Do not use Part I! or Part If! below for automobiles, certain other vehicles, cellular telephones, computers, or property used for

entertainment, recreation, or amusement (listed property). Instead, use Part V for listed property.

MACRS Depreciation For Assets Placed in Service ONLY During Your 1990 Tax Year (Do Not Include Listed

Property)
(@) Mo. andyyr. | (e) Basis for depreciation [4 Recovery —
(2) Classification of property placed (Business use only—see (e) Convention | (f) Method | (g) Depreciation deduction
inservice structions) Penod

14 General Depreciation System (GDS) (see instructions):

a 3-year property

b 5-year property

c 7-year property

d 10-year property

e 15-year property

f 20-year property

27.5 yrs. MM S/L
& Residential rental property e7.6yre. MN 37
$1.5 yre. MM $/L

h_ Nonresidential rea! property Sl.Syre- MN S7L
15 Alternative Depreciation System (ADS) (see structions):

a Class life S/L

b 12-year lZyrs. S/L

¢ 40-year AO yrs. MM s/L
Other Depreciation (Do Not include Listed Property)
16 GDS and ADS deductions for assets placed in service in tax years beginning t before 1990 (eee

instructions). {16 |
17 Property subject to section 168(f(1) election (ee instructions) 17
18 ACRS and other depreciation (see instructions) 118
Summary
19 Listed property—Enter amount from line 25 19
20 Total—Add deductions on line 12, lines 14 and 15 in column ®. and lines 16 through 19. ‘Enter here

and on the appropriate lines of your return. (Partnerships and S corporations—see instructions) 20

21 For assets shown above and placed in service during the current year, enter the portion
of the basis attributable to section 263A costs (see instructions). . . . . . -| 21

For Paperwork Reduction Act Notice, see page 1 of the separate Instructions.

Form 4562 (1990)


Form 4562 (1990) Page 2

Listed Property.—Automoblles, Certain Other Vehicles, Cellular Telephones, Computers, and Property
Used for Entertainment, Recreation, or Amusement

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

Section A.—Depreciation (Caution: See instructions for limitations for automobiles.)
22a_Do you have evidence to support the business use claimed? [_] vesL_] No| 22b If “Yes,” is the evidence written? [1] Yes [1 No

oO
Typecteeperty (ist | Date Medin |eusideds use CSstor Basis for Sepreciation Rectrery wos, Deprettion | seeton's79
vehicles first) service percentage other basis (business use only) | period | Convention deduction cost

23 Property used more than 50% in a trade or business:

%

%

%
24 Property used 50% or less in a trade or business:

% S/L—-

% S/L-

% S/L-

25 Add amounts in column (h). Enter the total here andonline19,pagel . . . . . . . . . L2B

26 Add amounts in column (i). Enter the total here and on line 7, page 1 . 5
Section B.—Information Regarding Use of Vehicles—/f you deduct expenses stor vehicles:

© Always complete this section for vehicles used by a sole proprietor, partner, or other “more than 5% owner," or related person.

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

(a) (b) (c) (a) (e) A)
27 Total business miles driven during the year Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Vehicle 5 Vehicle 6
(DO NOT include commuting miles)
28 Total commuting miles driven during the year
29 Total other personal (noncommuti "@)
miles driven .
30 Total miles driven during the yea Add
lines 27 through 29

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

31 Was the vehicle available for personal use
during off-duty hours? .

32 Was the vehicle used primarily by amore
than 5% owner or related person? .

33 Is another vehicle available for personal
use?

Section ‘€—Questions for Employers Who Provide Vehicles for Use by Their 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
34 Do you maintain a written "policy statement that Prohibits all Personal u use of vehicles, including commuting, by your
employees? .
35 Do you maintain a written policy : statement that prohibits personal u use of vehicles, except comming, by your
employees? (See instructions for vehicles used by corporate officers, directors, or 1% or more owners.) .
36 Do you treat all use of vehicles by employees as personal use? . os
37 Do you provide more than five vehicles to your employees and retain the information received from y your employees
concerning the use of the vehicles? . .
38 Do you meet the requirements conceming qualified automobile demonstration u use (see instructions)?
Note: /f your answer to 34, 35, 36, 37, or 38 is “Yes,” you need not complete Section B for the covered vehicles.
Amortization
© |
(b) © () Amortization (0)
(a) Date amortization ‘Amortizable Code period or Amortization
Description of costs begins amount section percentage for this year
39 Amortization of costs that begins during your 1990 tax year:
40 Amortization of costs that began before 1990... errs. \') -
41 Total. Enter here and on “Other Deductions” or “Other Expenses" line: efyour retum se 141

RULS. Government Printing Office: 1980 — 265-331