$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|$l$|$l$|$l$|\}$

$\backslash$hline & & & & & & $\backslash \backslash$

$\backslash$hline Each asset is to be depreciated over its entire useful life and each asset should depreciated on a separate page. & & & & & & $\backslash \backslash$

$\backslash$hline & & & & & & $\backslash \backslash$

$\backslash$hline & & & & & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$A$.$ For the properties listed below compute the depreciation during the$\}$ & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$the useful life of the property. Assume that all property is post$-1986\}$ & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$property and that $15$ percent of the cost of commercial and residential properties is assigned to land.$\}\backslash \backslash$

$\backslash$hline & & & & & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$B$.$ Include columns for the applicable AMT depreciation and the$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$accompanying AMT adjustment. You can follow the example given on the attached spread$\}\backslash \backslash$

$\backslash$hline & & & & & & $\backslash \backslash$

$\backslash$hline & & & & & & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$TIP: The AMT adjustment for personal property is the difference between$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$the DEPRECIATION taken under MACRS and the amount determined by using $150\backslash \%\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$declining balance $($DB$)$ method under ADS. The AMT adjustment for real property is$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{6\}\{|$l$|\}\{$the difference between the DEPRECIATION taken under MACRS and the amount$\}$ & $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$l$|\}\{$determined by using strait line $($SL$)$ method under ADS.$\}$ & & & $\backslash \backslash$

$\backslash$hline & & & & & & $\backslash \backslash$

$\backslash$hline & & & & & & $\backslash \backslash$

$\backslash$hline PROPERTY & COST & PLACED IN SERVICE & & & & $\backslash \backslash$

$\backslash$hline Tractor unit & $4,000$ & $15$ Feb & & & & $\backslash \backslash$

$\backslash$hline Race horse over $2$ years old & $59,000$ & $12$ May & & & & $\backslash \backslash$

$\backslash$hline Computer & $3,200$ & $25$ Nov & & & & $\backslash \backslash$

$\backslash$hline Luxury Automobile & $51,000$ & $15$ May & & & & $\backslash \backslash$

$\backslash$hline General Purpose Truck & $38,000$ & $13$ Oct & & & & $\backslash \backslash$

$\backslash$hline Office Desk & $1,800$ & $5$ Jan & & & & $\backslash \backslash$

$\backslash$hline Office Safe & $2,450$ & $7$ Sept & & & & $\backslash \backslash$

$\backslash$hline Light Boat & $65,000$ & $27$ July & & & & $\backslash \backslash$

$\backslash$hline Petroleum Refining Installation & $200,000$ & $15$ June & & & & $\backslash \backslash$

$\backslash$hline Residential Rental Building & $5,000,000$ & $26$ April & & & & $\backslash \backslash$

$\backslash$hline Nonresidential Rental Building & $15,000,000$ & $20$ Nov & & & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ Note: These are the suggested columns. Make sure that all the columns fit on one page

Asset Description

Cost Basis

Recovery Rate

MACRS Accumulated Depreciation

Adjusted Basis

AMT Rate

AMT Recovery Amount

AMT Accumulated Depreciation

AMT Adjustment

AMT Adjusted Basis