Form 775p - Computer Systems And Certain Peripheral Components Page 2
Download a blank fillable Form 775p - Computer Systems And Certain Peripheral Components in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 775p - Computer Systems And Certain Peripheral Components with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2FORM 775P, SCHEDULE II – COMPUTER SYSTEMS AND CERTAIN PERIPHERAL COMPONENTS
• For general information, read the instructions on the Claim for Nebraska Personal Property Exemption,
Form
775P.
SPECIFIC INSTRUCTIONS
DATE ACQUIRED. The date acquired is the date the owner acquired the item. For leased items, the date acquired is the
date the lessor (owner) acquired the item.
MAKE/DESCRIPTION. Enter the make and description of the item. Include lease date, if the item is leased. To determine
eligibility for exemption, this is the date the lessee took possession of the item and must be included.
PERIPHERAL CATEGORY. The seven peripheral categories of the equipment are: (1) additional memory unit; (2) tape
drive; (3) disk drive; (4) power supplies; (5) cooling unit; (6) data switches; and (7) communication controllers.
ENVIRONMENTALLY-CONTROLLED AREA? Enter “YES” if the item is located in an environmentally-controlled
area (for example, a humidity and temperature controlled area). Enter “NO” if it is not.
NUMBER OF ITEMS. Enter the number of items with the same acquisition date, model year, and description.
NEBRASKA ADJUSTED BASIS. The Nebraska adjusted basis for the computer systems and certain peripheral
components is the total purchase price (cost of placing the item in service) including, but not limited to costs for: delivery;
installation; taxes; and fees. Enter the amount in whole dollars only.
RECOVERY PERIOD. The recovery period is the period over which the value of the property will be depreciated for
Nebraska property tax purposes.
Table
2, from the Nebraska Personal Property Return, includes a recovery period for
personal property.
Neb. Rev. Stat. §
77-120.
NET BOOK DEPRECIATION FACTOR. The net book depreciation factor is the percentage found in
Table
1, from the
Nebraska Personal Property Return, for the appropriate depreciation factor for the recovery period and the year acquired.
The depreciation factors are also listed in
Neb. Rev. Stat. §
77-120.
NET BOOK VALUE. The net book value is the Nebraska adjusted basis cost of the item multiplied by the appropriate
depreciation factor for the recovery period and the year acquired.
LINE 16. Enter the total of the net book value for all items listed on the page on line 16. If more than one page is used,
total each page separately. Then, enter the total of all Schedule II pages on Form 775P, under the Summary of Schedule II –
Computer Systems and Certain Peripheral Components.
Attach this schedule to the Form 775P.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form 775p - Nebraska Employment And Investment Growth Act Claim For Nebraska Personal Property Exemption - 2011
Financial
Form St-121.3 - Exempt Use Certificate For Computer System Hardware - New York State And Local Sales And Use Tax
Financial
Form Rmft-7- Schedule B - Gasoline Products Sold To The Federal Government, To Foreign Governments, To Municipal Corporations Owning And Operating Local Transportation Systems, To Certain Privately Owned Public Utilities, Or For Aviation Purposes - Illino
Financial
Related Categories
Parent category: Financial