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Business & farm
They need to see what's been depreciated and how it's being depreciated.
It's all there in black and white, on the 4562 title "Depreciation and Amortization Report".
-The name of the asset
-The date the asset was placed in service
-The cost of the asset
-The depreciation method used
-The convention used in the first year
-The total amount of prior year's depreciation already taken
-The amount of depreciation taken in the current tax year.
‎April 21, 2021
8:50 AM