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IRS.gov Website
Publication 534
Depreciating Property Placed In Service Before 1987
(Rev 11/2016)
Introduction, Useful Items and Important Changes

How To Use This Publication

Chapter 1
Accelerated Cost Recovery System (ACRS)

ACRS Defined

What Can and Cannot Be Depreciated Under ACRS

Recovery Property
Nonrecovery Property

How To Figure the Deduction

Unadjusted Basis
Classes of Recovery Property
Recovery Periods
Alternate ACRS Method (Modified Straight Line Method)
ACRS Deduction in Short Tax Year

Dispositions

Depreciation Recapture

Chapter 2
Other Methods of Depreciation

How To Figure the Deduction

Basis
Useful Life
Salvage Value

Methods To Use

Straight Line Method
Declining Balance Method
Income Forecast Method

How To Change Methods

Dispositions

Chapter 3
Listed Property

Listed Property Defined

Passenger Automobile Defined
Dwelling Unit
Other Property Used for Transportation
Computers and Related Peripheral Equipment

Predominant Use Test

Meeting the Predominant Use Test
Qualified Business Use
Method of Allocating Use
Applying the Predominant Use Test

Deductions After Recovery Period

Leased Property

Lessor
Lessee

What Records Must Be Kept

Adequate Records
Reporting Information on Form 4562

Deductions in Later Years

How To Get Tax Help

The Taxpayer Advocate Service Is Here To Help You
Low Income Taxpayer Clinics

Appendix