Table of Contents

• Publication 534 - Introductory Material
  • Important Change for 1995
  • Introduction
  • How To Use This Publication
• Accelerated Cost Recovery System (ACRS)
  • Topics - This chapter discusses:
  • Useful Items - You may want to see:
  • ACRS Defined
  • What Can and Cannot Be Depreciated Under ACRS
    • Recovery Property
    • Nonrecovery Property
  • How To Figure the Deduction
    • Unadjusted Basis
    • Classes of Recovery Property
    • Recovery Periods
    • Alternate ACRS Method (Modified Straight Line Method)
    • ACRS Deduction in Short Tax Year
  • Dispositions
    • Early dispositions of ACRS property other than 15-, 18-, or 19-year real property.
    • Dispositions — mass asset accounts.
    • Early dispositions — 15-year real property.
    • Early dispositions — 18- and 19-year real property.
    • Depreciation Recapture
• Other Methods of Depreciation
  • Topics - This chapter discusses:
  • Useful Items - You may want to see:
  • How To Figure the Deduction
    • Basis
    • Useful Life
    • Salvage Value
  • Methods To Use
    • Straight Line Method
    • Declining Balance Method
    • Income Forecast Method
  • How To Change Methods
  • Dispositions
    • Sale or exchange.
    • Property not disposed of or abandoned.
    • Special rule for normal retirements from item accounts.
    • Abandoned property.
    • Single item accounts.
    • Multiple property account.
• Listed Property
  • Topics - This chapter discusses:
  • Useful Items - You may want to see:
  • Listed Property Defined
    • Passenger Automobile Defined
    • Dwelling Unit
    • Other Property Used for Transportation
    • Computers and Related Peripheral Equipment
  • Predominant Use Test
    • Meeting the Predominant Use Test
    • Qualified Business Use
    • Method of Allocating Use
    • Applying the Predominant Use Test
  • Deductions After Recovery Period
  • Leased Property
    • Lessor
    • Lessee
  • What Records Must Be Kept
    • Adequate Records
    • Reporting Information on Form 4562
  • Deductions in Later Years
  • Appendix
• Index