For Office Use Only
Date Received
2001
OREGON DEPRECIATION SCHEDULE
For Individuals, Partnerships, Corporations, And Fiduciaries
•
Do not attach this form to your Oregon individual return. Keep it with your records. Complete a new schedule each year.
Name
Social Security No., Business Identification No., or Federal EIN
Oregon depreciation
Method of figuring
Oregon
Oregon
Federal
Description of
Date
Date placed
Cost or
allowed or allowable
Oregon
life or
depreciation
depreciation
property
purchased
in service
other basis
in earlier years
depreciation
rate
for this year
for this year
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(h)
(i)
1.
Totals
1
2.
Difference in depreciation for Oregon. If federal depreciation
is greater than Oregon depreciation, the difference is an addition.
If Oregon depreciation is greater than federal, the difference is a subtraction
2
Instructions
Part-year and nonresidents
Figure your depreciation deduction for each asset. Fill
in the information for columns (a) through (i). In column
•
Federal column—complete an Oregon Depreciation
(f), you may use abbreviations for the depreciation
Schedule for all assets both inside and outside of
method you used, such as “MACRS” for Modified
Oregon.
Accelerated Cost Recovery System, or “150% DB” for
•
150 percent declining balance. Use an appropriate
Oregon column—complete another Oregon Deprecia-
Oregon and federal depreciation method.
tion Schedule only for property you owned while an
Oregon resident, or property used to produce Oregon
income.
Individuals
Enter the difference in depreciation from line 2 of your
Partnerships, corporations, and fiduciaries
Oregon Depreciation Schedule on your Oregon individual
You may also use this form to figure the difference in
income tax return. You have an addition if your Oregon
depreciation you report on your Oregon:
depreciation on line 1(h) is less than your federal
depreciation on line 1(i). You have a subtraction if your
•
Partnership Return of Income, Form 65
Oregon depreciation on line 1(h) is more than your
•
Corporation Excise Tax Return, Form 20
federal depreciation on line 1(i).
•
Corporation Income Tax Return, Form 20-I
Fill in the amount from line 2 of this schedule on your
•
S Corporation Tax Return, Form 20-S
return as an “other addition” or “other subtraction.”
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Insurance Excise Tax Return, Form 20-INS
Label the line “Difference in depreciation for Oregon,”
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or “Dif Dep.”
Fiduciary Income Tax Return, Form 41
150-101-025 (Rev. 9-01)