Modified Accelerated Cost Recovery System (MACRS), Listed Property, Limitation on Depreciation of Luxury Automobiles (LO 8.2, 8.4, 8.5) During 2021, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business: Use Form 4562 to report Pepe's depreciation expense for 2021. Enter all amounts as positive numbers. If required, round to the nearest dollar. If an amount is zero, enter "0". Click on the following links to access: Depreciation tables Annual automobile depreciation limitations Table 8.1: Recovery Periods for Assets Placed in Service After 1986. Depreciation and Amortization Part I Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I. Note: Don't use Part II or Part III below for listed property. Instead, use Part V. Section C-Assets Placed in Service During 2021 Tax Year Using the Alternative Depreciation System \begin{tabular}{c|l|l|l|l|l} \hline 20a Class life & & & & \\ \hline b 12 -year & & & & & \\ \hline c 30 -year & & & 12 yrs. & \\ \hline d 40 -year & & & 30 yrs. & MM & \\ \hline Sart & & & & \\ \hline \end{tabular} Part IV Summary (See instructions.) For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 12906N Form 4562(2021) 26 Property used more than 50% in a qualified business use: 27 Property used 50% or less in a qualified business use: \begin{tabular}{r|r|r|r|l|l|l|l|l|} \hline & & % & & & & \\ \hline \end{tabular} A NNIAT tTOMORIT F DFPDECTATION I IMITATIONG *Additional bonus depreciation of $8,000 is included in this amount. TABLE 8.2 ACCELERATED DEPRECIATION FOR PERSONAL PROPERTY ASSUMING TABLE 8.3 STRAIGHT-LINE DEPRECIATION FOR PERSONAL PROPERTY, ASSUMING HALF-YEAR CONVENTION* (FOR PROPERTY PLACED IN SERVICE AFTER DECEMBER 31, 1986) *The official table contains a separate row for each year. For ease of presentation, certain years are grouped together in this table. In some instances, this will cause a difference of 0.01 percent for the last digit when compared with the official table. STRAIGHT-LINE DEPRECIATION FOR REAL PROPERTY ASSUMING MIDMONTH CONVENTION* 27.5-YEAR RESIDENTIAL REAL PROPERTY The applicable annual percentage is (use the column for the month in the first year the property is placed in service): Recoverv 39-Year Nonresidential Real Property The applicable annual percentage is (use the column for the month in the first year the property is placed in service): *The official tables contain a separate row for each year. For ease of presentation, certain years are grouped together in these two tables. In some instances, this will produce a difference of 0.001 percent when compared with the official tables. Assets ADR midpoint life of 4 years or less, excluding cars and light trucks. ADR midpoint life of more than 4 years but less than 10 years, cars and light trucks, office machinery, certain energy property, R\&D property, computers, and certain equipment. ADR midpoint life of 10 years or more but less than 16 years and property without an ADR life (e.g., most business furniture and certain equipment). ADR midpoint life of 16 years or more but less than 20 years, including trees and vines. ADR midpoint life of 20 years or more but less than 25 years, including treatment plants and land improvements (sidewalks, roads, fences, and landscaping). ADR midpoint life of 25 years or more, other than real property with an ADR life of 27.5 years or longer and municipal sewers. Residential rental real estate, elevators, and escalators. Other real property purchased generally on or after May 13, 1993 (previously 31.5-year straight-line). Modified Accelerated Cost Recovery System (MACRS), Listed Property, Limitation on Depreciation of Luxury Automobiles (LO 8.2, 8.4, 8.5) During 2021, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business: Use Form 4562 to report Pepe's depreciation expense for 2021. Enter all amounts as positive numbers. If required, round to the nearest dollar. If an amount is zero, enter "0". Click on the following links to access: Depreciation tables Annual automobile depreciation limitations Table 8.1: Recovery Periods for Assets Placed in Service After 1986. Depreciation and Amortization Part I Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I. Note: Don't use Part II or Part III below for listed property. Instead, use Part V. Section C-Assets Placed in Service During 2021 Tax Year Using the Alternative Depreciation System \begin{tabular}{c|l|l|l|l|l} \hline 20a Class life & & & & \\ \hline b 12 -year & & & & & \\ \hline c 30 -year & & & 12 yrs. & \\ \hline d 40 -year & & & 30 yrs. & MM & \\ \hline Sart & & & & \\ \hline \end{tabular} Part IV Summary (See instructions.) For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 12906N Form 4562(2021) 26 Property used more than 50% in a qualified business use: 27 Property used 50% or less in a qualified business use: \begin{tabular}{r|r|r|r|l|l|l|l|l|} \hline & & % & & & & \\ \hline \end{tabular} A NNIAT tTOMORIT F DFPDECTATION I IMITATIONG *Additional bonus depreciation of $8,000 is included in this amount. TABLE 8.2 ACCELERATED DEPRECIATION FOR PERSONAL PROPERTY ASSUMING TABLE 8.3 STRAIGHT-LINE DEPRECIATION FOR PERSONAL PROPERTY, ASSUMING HALF-YEAR CONVENTION* (FOR PROPERTY PLACED IN SERVICE AFTER DECEMBER 31, 1986) *The official table contains a separate row for each year. For ease of presentation, certain years are grouped together in this table. In some instances, this will cause a difference of 0.01 percent for the last digit when compared with the official table. STRAIGHT-LINE DEPRECIATION FOR REAL PROPERTY ASSUMING MIDMONTH CONVENTION* 27.5-YEAR RESIDENTIAL REAL PROPERTY The applicable annual percentage is (use the column for the month in the first year the property is placed in service): Recoverv 39-Year Nonresidential Real Property The applicable annual percentage is (use the column for the month in the first year the property is placed in service): *The official tables contain a separate row for each year. For ease of presentation, certain years are grouped together in these two tables. In some instances, this will produce a difference of 0.001 percent when compared with the official tables. Assets ADR midpoint life of 4 years or less, excluding cars and light trucks. ADR midpoint life of more than 4 years but less than 10 years, cars and light trucks, office machinery, certain energy property, R\&D property, computers, and certain equipment. ADR midpoint life of 10 years or more but less than 16 years and property without an ADR life (e.g., most business furniture and certain equipment). ADR midpoint life of 16 years or more but less than 20 years, including trees and vines. ADR midpoint life of 20 years or more but less than 25 years, including treatment plants and land improvements (sidewalks, roads, fences, and landscaping). ADR midpoint life of 25 years or more, other than real property with an ADR life of 27.5 years or longer and municipal sewers. Residential rental real estate, elevators, and escalators. Other real property purchased generally on or after May 13, 1993 (previously 31.5-year straight-line)