] | | Remaining depreciable |
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| value after third year |
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| using SL. |
The ACRS Method
To calculate the amount of tax deduction under the U.S. Accelerated Cost Recovery System:
1.Display the DEPRC menu: press .
2.Enter the cost basis of the asset and press
3.The Internal Revenue Service publishes tables that list the percentage of an asset’s basis that can be deducted each year of its prescribed life. Look up that value, enter it, and press .
4.Press to calculate the value of the deduction.
Example: ACRS Deductions. Use the ACRS method to find the income
Year | Percentage Deductible |
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1 | 15 |
2 | 25 |
3 | 20 |
4 | 20 |
5 | 20 |
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Keys: | Display: | Description: | |||||||
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| DEPRC menu. | |
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25000 | |
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15 | |
| | Tabular value, year 1. | |||||
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| Deduction in first year. | |||||||
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118 9: Depreciation
File name :