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During 2020, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business: Item Cost Date Acquired June 2 Manufacturing equipment (7 year) $50,000 Office furniture September 15 8,000 Office computer November 18 2,000 Passenger automobile (used 85 percent for business) May 31 55,000 Warehouse July 23 170,000 Building Land 135,000 Pepe uses the accelerated depreciation method under MACRS, if available, and does not make the election to expense and elects out of a bonus depreciation. Use Form 4562 to report Pepe's depreciation expense for 2020. Enter all amounts as positive numbers. If required, round to the nearest dollar. If an amount is zero, enter "o". 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. 11:25:43 AM 11/3/2021 LITCLN TILL Section B-Assets Placed in Service During 2020 Tax Year Using the General Depreciation System (c) Basis for () (b) Month and year depreciation (business/investment (d) Recovery period (e) Convention (f) Method placed in service use only-see instructions) (a) Classification of property (9) Depreciation deduction 19a 3-year property b 5-year property 2,000 x 5 yrs. HY 200 DB c7-year property d 10-year property e 15-year property 20-year f property 25-year g property Residential h rental 25 yrs. S/L 27.5 yrs. MM S/L 27.5 yrs. MM S/L property Nonresidential real i 39 yrs. MM S/L property MM S/L Section C-Assets Placed in Service During 2020 Tax Year Using the Alternative Depreciation System 20a Class life S/L S/L b 12-year C 30-year 12 yrs. 30 yrs. MM S/L d 40-year 40 yrs. MM S/L Part IV Summary (See instructions.) . 21 Listed property. Enter amount from line 28.. 21 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (9), and line 21. Enter here and on the appropriate lines of your return. Partnerships and 5 corporations-see instructions ..... 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable 22 11:27:33 AM 11/3/2021 Form 4562 (2020) Page 2 Part v Listed Property (Include automobiles, certain other vehicles, certain aircraft, and property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (C) of Section A, all of Section B, and Section C if applicable. Section A-Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.) 24a Do you have evidence to support the business/investment use claimed? Yes No 24b If "Yes," is the evidence written? Yes No (a) (b) (c) (d) ( (e) (f) (9) (h) (i) Basis for Business/ Elected Type of property (list depreciation Cost or investment Date placed in service Depreciation section (business/ / Recovery period vehicles first) Method/ Convention other basis deduction 179 investment percentage cost use only) 25 Special depreciation allowance for qualified listed property placed in service during the tax year and used more 25 than 50% in a qualified business use. See instructions 26 Property used more than 50% in a qualified business use: use % % 27 Property used 50% or less in a qualified business use: % S/L- % S/L- % S/L- 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1........... 28 29 29 Add amounts in column (), line 26. Enter here and on line 7, page 1.................. Section B-Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor. partner or other more than 5% owner." or related person. If you provided vehicles to vour During 2020, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business: Item Cost Date Acquired June 2 Manufacturing equipment (7 year) $50,000 Office furniture September 15 8,000 Office computer November 18 2,000 Passenger automobile (used 85 percent for business) May 31 55,000 Warehouse July 23 170,000 Building Land 135,000 Pepe uses the accelerated depreciation method under MACRS, if available, and does not make the election to expense and elects out of a bonus depreciation. Use Form 4562 to report Pepe's depreciation expense for 2020. Enter all amounts as positive numbers. If required, round to the nearest dollar. If an amount is zero, enter "o". 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. 11:25:43 AM 11/3/2021 LITCLN TILL Section B-Assets Placed in Service During 2020 Tax Year Using the General Depreciation System (c) Basis for () (b) Month and year depreciation (business/investment (d) Recovery period (e) Convention (f) Method placed in service use only-see instructions) (a) Classification of property (9) Depreciation deduction 19a 3-year property b 5-year property 2,000 x 5 yrs. HY 200 DB c7-year property d 10-year property e 15-year property 20-year f property 25-year g property Residential h rental 25 yrs. S/L 27.5 yrs. MM S/L 27.5 yrs. MM S/L property Nonresidential real i 39 yrs. MM S/L property MM S/L Section C-Assets Placed in Service During 2020 Tax Year Using the Alternative Depreciation System 20a Class life S/L S/L b 12-year C 30-year 12 yrs. 30 yrs. MM S/L d 40-year 40 yrs. MM S/L Part IV Summary (See instructions.) . 21 Listed property. Enter amount from line 28.. 21 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (9), and line 21. Enter here and on the appropriate lines of your return. Partnerships and 5 corporations-see instructions ..... 23 For assets shown above and placed in service during the current year, enter the portion of the basis attributable 22 11:27:33 AM 11/3/2021 Form 4562 (2020) Page 2 Part v Listed Property (Include automobiles, certain other vehicles, certain aircraft, and property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (C) of Section A, all of Section B, and Section C if applicable. Section A-Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.) 24a Do you have evidence to support the business/investment use claimed? Yes No 24b If "Yes," is the evidence written? Yes No (a) (b) (c) (d) ( (e) (f) (9) (h) (i) Basis for Business/ Elected Type of property (list depreciation Cost or investment Date placed in service Depreciation section (business/ / Recovery period vehicles first) Method/ Convention other basis deduction 179 investment percentage cost use only) 25 Special depreciation allowance for qualified listed property placed in service during the tax year and used more 25 than 50% in a qualified business use. See instructions 26 Property used more than 50% in a qualified business use: use % % 27 Property used 50% or less in a qualified business use: % S/L- % S/L- % S/L- 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1........... 28 29 29 Add amounts in column (), line 26. Enter here and on line 7, page 1.................. Section B-Information on Use of Vehicles Complete this section for vehicles used by a sole proprietor. partner or other more than 5% owner." or related person. If you provided vehicles to vour

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