Form 4b & 4c - Depreciation Schedule - 2017

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17
17
Maryland Form 4B
Depreciation Schedule
Form 4B & 4C
PROPERTY IN MARYLAND AS OF
_____________________________
TOTAL
DEPRECIATION
ACCUMULATED
BOOK
COST
THIS YEAR
DEPRECIATION
VALUE
1. Land
0
2. Building
3. Leasehold Improvements
4. Transportation Equipment
(Registered)
A
5. Transportation Equipment
(Not Registered and Interchangeable Registrations)
6. Furniture & Fixtures
7. Machinery & Equipment
8. Other (Specify)
9. Totals:
B
0
0
0
0
10. Expensed Property
(Not Reported on
C
Depreciation Schedule)
11. Exempt Personal Property
D
(Included in line 9 above and not reported on the return.)
EXEMPTION CLAIMED
Type of Organization
Type of Property
C haritable
Vehicles (Registered)
Vessels (under 100 ft.)
I
I
I
Educational
Aircraft
Farming Implements (Farmers Only)
Religious
I
I
Other ___________________________________________
Veterans
Rental Heavy Equipment
Other_________________
I I
I
I
E
SPECIFY
SPECIFY
A. Vehicles with Interchangeable Registrations (dealer, recycler, finance company, special mobile equipment, and transporter plates) are to be
reported on line 5.
B. Total line must equal Line 10 on the Balance Sheet Form 4A.
C. Include all expensed property located in Maryland not reported on the Depreciation Schedule Form 4B.
D. If exempt property is owned check the appropriate boxes under line 11. Exempt organizations need to provide written justification for the
claimed exemption with the return. Organizations required to file IRS Form 990 should also submit a copy of the latest available filing.
E. For Rental Heavy Equipment Only – An entity must meet all of the following provisions: 1) largest segment of its total receipts is from the
short-term lease or rental of heavy equipment at retail without operators; 2) it must be defined under Code 532412 of the North American
Industry Classification System; 3) the property must meet the definition of heavy equipment property in § 9-609(D)(5) of the Political
Subdivisions Article and 4) the lease or rental of the heavy equipment property is for a period of 365 days or less.
Maryland Form 4C
DISPOSAL AND TRANSFER RECONCILIATION
*TRANSFERS OUT
BALANCE
ACQUISITIONS
TRANSFERS IN
BALANCE
January 1,
& DISPOSALS
during
during
January 1,
during
2016
2017
2016
2016
1. Furniture, Fixtures, Tools
2016
Machinery and Equipment
Motor Vehicles
2.
Manufacturing/R&D Equip.
3.
Leased Property
4.
Totals
0
0
0
0
0
5.
This section must be completed by those businesses which transferred or disposed of personal property located in Maryland during the prior year.
Property “Transferred In” from locations outside Maryland, property acquired and property “Disposed Of” or “Transferred Out” during the prior year
must be reported above and reconciled with the totals from last year’s return.
* If transfers out and disposals made during the prior year are more than $200,000 or greater than 50% of the total property reported as of
January 1
st
of the prior year, complete the information below.
Date of transfer:
Location where transferred?
TRANSFERS
City:
State:
Date of disposal:
Manner of disposal? (sale, junked, donation, etc.)
Name of buyer? (For Sales Only)
DISPOSALS

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