I cannot see the depreciation methods drop-down menu in its entirety. Can I retrieve a list of the methods by number and description?
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Thank you.
ENTRY | MACRS METHOD | CALCULATION |
34 | 3-yr % personal | IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 200DB |
35 | 3-yr SL personal | IRS PUB: Tables 8-12, IRS Pub. 946 CONVENTION: mid-quarter or half-year |
43 | 5-yr % personal, automobile limits are not applied Designated as listed property |
IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 200DB |
44 | 5-yr % personal, automobile limits are not applied Designated as listed property |
IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year |
53 | 5-yr % personal, automobile limits are not applied | IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 200DB |
54 | 5-yr SL personal, automobile limits are not applied | IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year |
55 | >5-yr % automobile limits applied | IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year (see listed property limitations) METHOD: 200DB |
56 | 5-yr SL automobile limits applied | IRS PUB: Tables 8-12 , IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year (see listed property limitations) |
57 | 7-yr % personal | IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 200DB |
58 | 7-yr SL personal | IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year |
64 | 10-yr % personal | IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 200DB |
65 | 10-yr SL personal | IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year |
66 | 15-yr % personal | IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 150DB |
67 | 15-yr SL property | IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life)
CONVENTION: mid-quarter or half-year |
68 | 20-yr % property | IRS PUB: Tables 1-5, IRS Pub. 946 CONVENTION: mid-quarter or half-year METHOD: 150DB |
69 | 20-yr SL property | IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year |
41 | 25-yr SL property | IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year |
85 | 27.5 SL Residential RE | IRS PUB: Table 6, IRS Pub. 946 CONVENTION: mid-month |
87 | 31.5/39 SL Nonresidential RE | IRS PUB: Table 7, IRS Pub. 946 CONVENTION: mid-month |
88 | 50-yr SL Railroad | IRS PUB: Tables 8-12, IRS Pub. 946 (divides depreciable basis by the life) CONVENTION: mid-quarter or half-year |
ENTRY | ACRS METHOD | CALCULATION |
30 | 3-yr % automobile | IRS PUB: IRS Pub. 534 percentages (luxury car limitations/listed property automatic) CONVENTION: full year |
31 | 3-yr SL automobile | IRS PUB: divides depreciable basis by life (luxury car limitations/listed property automatic) CONVENTION: full year |
32 | 3-yr % personal | IRS PUB: IRS Pub. 534 percentages CONVENTION: full year |
33 | 3-yr SL personal | IRS PUB: divides depreciable basis by life (and divides by 2 for the first year) CONVENTION: full month |
50 | 5-yr personal | IRS PUB: IRS Pub. 534 percentages CONVENTION: full year |
51 | 5-yr SL personal | IRS PUB: divides depreciable basis by life (and divides by 2 for the first year) CONVENTION: full month |
60 | 10-yr % property | IRS PUB: IRS Pub. 534 percentages CONVENTION: full year |
61 | 10-yr SL property | IRS PUB: divides depreciable basis by life (and divides by 2 for the first year) CONVENTION: full month |
62 | 15-yr % public utility | IRS PUB: IRS Pub. 534 percentages |
63 | 15-yr SL public utility | IRS PUB: divides depreciable basis by the life (and divides by 2 for the first year) |
70 | 15-yr % x low income RE | IRS PUB: Table 2, IRS Pub. 534 (if asset was placed in service between 3/16/84 and 5/8/85) or Table 3 (if placed in service after 5/8/85) CONVENTION: full month |
71 | 15-yr SL low income RE | IRS PUB: Divide depreciable basis by the life CONVENTION: full month You can use alternate lives of 35 and 45 years. The program doesn't use the table available for these lives but divides the depreciable basis by the life. |
80 | 15-yr % Real property | IRS PUB: Table 1, IRS Pub. 534 (for assets placed in service before 3/16/84) CONVENTION: full month |
81 | 15-yr SL Real property | IRS PUB: divides depreciable basis by the life CONVENTION: full month |
89 | 15-yr SL RE (tables) | IRS PUB: straight-line % instead of dividing by the life |
82 | 18/19-yr % RE | IRS PUB: Assets placed in service between 3/16/84 and 5/8/85 should use an 18-year life. Assets placed in service between 3/16/84 and 6/22/84 use Table 5, IRS Pub. 534 Assets placed in service after 5/8/85 have 19-year life and use Table 6, IRS Pub. 534 Assets placed in service between 6/23/84 and 5/8/85 use Table 4, IRS Pub. 534 CONVENTION: assets placed in service between 3/16/84 and 6/22/84: full month; between 6/23/84 and 5/8/85: mid-month; after 5/8/85: mid-month |
83 | 18/19 SL RE | IRS PUB: 18-yr assets use Tables 7 and 8, IRS Pub. 534; 19-yr asset use Table 9, IRS Pub. 534 CONVENTION: mid-month Life dates are the same as for method 82 |
ENTRY | NONRECOVERY | CALCULATION |
90 | Half-year | Considers an asset placed in service at the mid-point of the tax year. Divides basis by the life (2 years) and prorates the amount by the number of months held that year. |
91 | Straight-Line | Divides basis by the life and prorates the amount by the number of months held that year. An asset is held for the whole month if placed in service before the 16th of the month. |
92 | 200% DB | Calculates depreciable basis, subtracts prior depreciation, multiplies the result by 2, divides by the life, and prorates the total by the number of months held that year. An asset is held for the whole month if placed in service before the 16th of the month. |
93 | 150% DB | Calculates depreciable basis, subtracts prior depreciation, multiplies the result by 1.5, divides by the life, and prorates the total by the number of months held that year. An asset is held for the whole month if placed in service before the 16th of the month. |
94 | 125% DB | Calculates depreciable basis, subtracts prior depreciation, multiplies the result by 1.25, divides by the life, and prorates the total by the number of months held that year. An asset is held for the whole month if placed in service before the 16th of the month. |
95 | Units of Production | Divides adjusted basis by beginning reserves multiplied by units produced. |
96 | CLADR | No calculation. Must use the override Current Depreciation/amortization (-1=none) [O] in the Regular Depreciation section. |
97 | IDC S/L Amort | For oil and gas, calculated IDC expense using 60 month straight-line |
ENTRY | LAND | CALCULATION |
99 | Land | Tracking purposes only |
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