Tax Help Archives  
Pub. 946, How To Depreciate Property 2004 Tax Year

This is archived information that pertains only to the 2004 Tax Year. If you
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Form 4562 (2003), Page 2. Summary: This is an example of Form 4562 (2003), page 2, with items as described in the text. Additionally, these line items are completed:

Under “Part V: Listed Property: Section A--Depreciation and Other Information”:
24a. Do you have evidence to support the business/investment use claimed? Yes” checkbox checked
24b. If Yes, is the evidence written? Yes” checkbox checked
26. Property used more than 50% in a qualified business use (see page 6 of the instructions):
(a) Type of property (list vehicles first)” field contains USA 280F Van
(b) Date placed in service” field contains 11-16-03
(c) Business/investment use percentage” field contains 100%
(d) Cost or other basis” field contains 49,800
(e) Basis for depreciation (business/investment use only)” field contains 2,400
26. Property used more than 50% in a qualified business use (see page 6 of the instructions):
(a) Type of property (list vehicles first)” field contains Sport Utility Vehicle
(b) Date placed in service” field contains 3-11-03
(c) Business/investment use percentage” field contains 100%
(d) Cost or other basis” field contains 55,000
(e) Basis for depreciation (business/investment use only)” field contains 0
28. Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1” field contains 2,460
29. Add amounts in column (i), line 26. Enter here and on line 7, page 1” field contains 100,000
Under “Part V: Listed Property: Section C--Questions for Employers Who Provide Vehicles for Use by Their Employees”:
37. Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your employees? Yes” checkbox checked

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