Almost every business must invest in some major equipment, vehicles, machinery, or furniture in order to operate. Some businesses will require assets such as land, a building, patents, or franchise rights. Major assets that will be used in your business for more than a year are known as "capital assets" and are subject to special depreciation treatment under the tax laws.

Depreciation is claimed on Form 4562. A separate Form 4562 must be filed for each different business activity you engage in.

File Description:
The file is in Adobe Portable Document Format (.pdf), and you will need the free Acrobat Reader to view and print the files.

Download:
Form 4562, Depreciation and Amortization
Instructions for Form 4562, Depreciation and Amortization

More information:
Claiming Your Depreciation Deductions