Posted on: 18th Feb, 2010 01:26 pm
Hi
I've been in business since 2003. In the form 4562, my CPA reported #19d column c 60,773/ column g =3,039 ; in 2004 #17 = 6,078 and #19d column c 2,232/ column g=212; in 2005 #17=6,300; in 2006# 17=6301 and #19b column c 500/ column g=50; in 2007 and 2008 #17=6,400.
Can you please tell me how to figure these numbers ?
Thanks. :)
I've been in business since 2003. In the form 4562, my CPA reported #19d column c 60,773/ column g =3,039 ; in 2004 #17 = 6,078 and #19d column c 2,232/ column g=212; in 2005 #17=6,300; in 2006# 17=6301 and #19b column c 500/ column g=50; in 2007 and 2008 #17=6,400.
Can you please tell me how to figure these numbers ?
Thanks. :)
Hi nirun,
The form 4562 is used to report depreciation and amortization of assets used especially in a business. In the form, #19 d column c shows the basis for depreciation, while #17 shows the MACRS or Modified Accelerated Cost Recovery System, a current method of calculating asset depreciation. To know how this method works to figure out the depreciation of your assets, you need to consult an accountant. He can give you an idea about how the calculations are done to find out the depreciation.
The form 4562 is used to report depreciation and amortization of assets used especially in a business. In the form, #19 d column c shows the basis for depreciation, while #17 shows the MACRS or Modified Accelerated Cost Recovery System, a current method of calculating asset depreciation. To know how this method works to figure out the depreciation of your assets, you need to consult an accountant. He can give you an idea about how the calculations are done to find out the depreciation.