Form 4562, Depreciation and AmortizationApril 14, 2006
Almost every business must invest in some major equipment, vehicles, machinery, or furniture in order to operate. Some businesses will require assets such as land, a building, patents, or franchise rights. Major assets that will be used in your business for more than a year are known as "capital assets" and are subject to special depreciation treatment under the tax laws. Depreciation is claimed on Form 4562, and a separate Form 4562 must be filed for each different business activity you engage in. File Description: Download: More information: |