Sample Form 990 - Return Of Organization Exempt From Income Tax - 2015 Page 30
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3026P0007 10/13/2016 12:54 PM
Depreciation and Amortization
4562
OMB No. 1545-0172
Form
2015
(Including Information on Listed Property)
Attach to your tax return.
Department of the Treasury
Attachment
179
Information about Form 4562 and its separate instructions is at
(99)
Internal Revenue Service
Sequence No.
Name(s) shown on return
Identifying number
PHILADELPHIA VETERANS COMFORT HOUSE
23-2694118
Business or activity to which this form relates
Indirect Depreciation
Part I
Election To Expense Certain Property Under Section 179
Note: If you have any listed property, complete Part V before you complete Part I.
500,000
1
Maximum amount (see instructions)
1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Total cost of section 179 property placed in service (see instructions)
2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2,000,000
3
Threshold cost of section 179 property before reduction in limitation (see instructions)
3
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0-
4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions
5
5
. . . . . . .
6
(a) Description of property
(b) Cost (business use only)
(c) Elected cost
7
Listed property. Enter the amount from line 29
7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7
8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
Tentative deduction. Enter the smaller of line 5 or line 8
9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
Carryover of disallowed deduction from line 13 of your 2014 Form 4562
10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
Business income limitation. Enter the smaller of business income (not less than zero) or line 5 (see instructions)
11
12
Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11
12
. . . . . . . . . . . . . . . . . . . . . . . . . . .
13
Carryover of disallowed deduction to 2016. Add lines 9 and 10, less line 12
13
. . . . . . . . .
Note: Do not use Part II or Part III below for listed property. Instead, use Part V.
Part II
Special Depreciation Allowance and Other Depreciation (Do not include listed property. ) (See instructions.)
14
Special depreciation allowance for qualified property (other than listed property) placed in service
during the tax year (see instructions)
14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
Property subject to section 168(f)(1) election
15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3,713
16
Other depreciation (including ACRS)
16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part III
MACRS Depreciation (Do not include listed property. ) (See instructions.)
Section A
3,836
17
MACRS deductions for assets placed in service in tax years beginning before 2015
17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
If you are electing to group any assets placed in service during the tax year into one or more general asset accounts, check here . . . . . . . .
Section B—Assets Placed in Service During 2015 Tax Year Using the General Depreciation System
(b) Month and year
(c) Basis for depreciation
(d) Recovery
(a) Classification of property
placed in
(business/investment use
(e) Convention
(f) Method
(g) Depreciation deduction
period
service
only–see instructions)
19a
3-year property
b
5-year property
c
7-year property
d
10-year property
e
15-year property
f
20-year property
S/L
g
25-year property
25 yrs.
S/L
h
Residential rental
27.5 yrs.
MM
property
27.5 yrs.
MM
S/L
MM
i
Nonresidential real
39 yrs.
S/L
property
MM
S/L
Section C—Assets Placed in Service During 2015 Tax Year Using the Alternative Depreciation System
20a
Class life
S/L
12 yrs.
b
12-year
S/L
S/L
c
40-year
40 yrs.
MM
Part IV
Summary (See instructions.)
21
Listed property. Enter amount from line 28
21
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter
7,549
here and on the appropriate lines of your return. Partnerships and S corporations—see instructions
22
. . . . . . . . . . . . . .
23
For assets shown above and placed in service during the current year, enter the
portion of the basis attributable to section 263A costs
23
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4562
For Paperwork Reduction Act Notice, see separate instructions.
Form
(2015)
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