Form 3885p - Depreciation And Amortization - 2011
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1
2TAXABLE YEAR
CALIFORNIA FORM
2011
3885P
Depreciation and Amortization
Name as shown on return
FEIN
-
Secretary of State (SOS) file no.
Assets and intangibles placed in service during the current taxable year:
Depreciation of Assets
Amortization of Property
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
Description of property
Date placed
Cost or
Method of
Life or
Depreciation
Code
Period or
Amortization
in service
other basis
figuring
rate
for this year
section
percentage
to this year
depreciation
1
1 Enter line 1, column (f) and column (i) totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Depreciation
Be sure to make adjustments for any basis differences when calculating depreciation.
2 California depreciation for assets placed in service before January 1, 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 ________________
3 Total California depreciation. Add line 1(f) and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ________________
Amortization
Be sure to make adjustments for any basis differences when calculating amortization.
4 California amortization for intangibles placed in service before January 1, 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ________________
5 Total California amortization. Add line 1(i) and line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 ________________
6 Total depreciation and amortization. Add line 3 and line 5. Enter the total here and on Form 565, Side 1, line 17a,
if from a trade or business, or on federal Form 8825, line 14, if from rental real estate activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 ________________
7 IRC Section 179 expense election from line 12 of the worksheet in the instructions . . . . . . . . . . . . . . . . . . .
7 ________________
8 Carryover of disallowed deduction to 2012 from line 13 of the worksheet in the instructions . . . . . . . . . . . .
8 ________________
General Information
Amortization is an amount deducted to recover the cost of certain capital
expenses over a fixed period.
In general, for taxable years beginning on or after January 1, 2010, California
In general, California conforms to federal law for assets placed in service on
law conforms to the Internal Revenue Code (IRC) as of January 1, 2009.
or after January 1, 1987. See R&TC Section 17250.
However, there are continuing differences between California and federal
law. When California conforms to federal tax law changes, we do not always
B Federal/State Calculation Differences
adopt all of the changes made at the federal level. For more information, go
to ftb.ca.gov and search for conformity. Additional information can be found
California law has not always conformed to federal law with regard
in FTB Pub. 1001, Supplemental Guidelines to California Adjustments, the
to depreciation methods, special credits, or accelerated write-offs.
instructions for California Schedule CA (540 or 540NR), and the Business
Consequently, the recovery periods and the basis on which the depreciation
Entity tax booklets.
is calculated may be different from the amounts used for federal purposes.
Reportable differences may occur if all or part of your assets were placed in
The instructions provided with California tax forms are a summary of
service:
California tax law and are only intended to aid taxpayers in preparing their
state income tax returns. We include information that is most useful to the
• Before January 1, 1987: California disallowed depreciation under the
greatest number of taxpayers in the limited space available. It is not possible
federal Accelerated Cost Recovery System (ACRS). Continue to calculate
to include all requirements of the California Revenue and Taxation Code
California depreciation in the same manner as in prior years for those
(R&TC) in the tax booklets. Taxpayers should not consider the tax booklets
assets.
as authoritative law.
• On or after January 1, 1987: California provides special credits and
Internet Access
accelerated write-offs that affect the California basis for qualifying assets.
You can download, view, and print California tax forms and publications
California does not conform to all the changes to federal law enacted in
at ftb.ca.gov.
1993. Therefore, the California basis or recovery periods may be different
for some assets.
Access other state agencies’ websites at ca.gov.
California law does not conform to the federal law for:
A Purpose
• The 50% bonus depreciation deduction [IRC Section 168(k)] for assets
acquired and placed in service during 2008 through 2010 and during
Use form FTB 3885P, Depreciation and Amortization, to compute
2011 for certain qualifying property.
depreciation and amortization allowed as a deduction on Form 565,
Partnership Return of Income. Attach form FTB 3885P to Form 565.
• The enhanced IRC Section 179 expensing election for assets placed in
service in 2010 or 2011 taxable year.
Depreciation is the annual deduction allowed to recover the cost or other
basis of business or income producing property with a determinable useful
life of more than one year. Land is not depreciable.
FTB 3885P 2011
7661113
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