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Each asset is todepreciated over its entireuseful life and each assetshould depreciated on aseparate page.A . For the properties listed below compute the depreciation taken
Each asset is todepreciated over its entireuseful life and each assetshould depreciated on aseparate page.A For the properties listed below compute the depreciation taken duringthe useful life of the property. Assume that all property is postProperty and that percent of the cost ofresidential and commercialproperties are assigned toland.B Include columns for the applicable AMT depreciation and theaccompanying AMT adjustmernt. You can follow the example given on the attached spreadsheet.TIP: The AMT adjustment for personal property is the difference betweenthe DEPRECIATION taken under MACRS and the amount determined by using declining balance DB method under ADS. The AMT adjustment for real property isthe difference between the DEPRECIATION taken under MACRS and the amountdetermined by using strait line SL method under ADS.PROPERTYTractor unitComputerRace horse over years old Luxury AutomobileGeneral Purpose TruckOffice DeskOffice SafeLight BoatPetroleum RefiningCOSTInstallationPLACEDINSERVICE Feb May Nov May Oct JanSept July JuneResidential Rental Building April
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