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1988, remains in dispute. In addition, petitioner placed in
service a Ford F-350 during the 1992 taxable year. Petitioners
have substantiated the $6,010 cost basis of this vehicle, and
accordingly, respondent has conceded that petitioners are
entitled to depreciation with respect to that vehicle in the
amount of $1,202.
Petitioners now contend that they used additional nonlisted
vehicles in the operation of Arabian Hill, included on their 1991
returns with a basis of $7,600, for which no depreciation was
claimed on their 1992 return. Petitioners now claim additional
depreciation in the amount of $525 with respect to these
vehicles.
Petitioners placed the following assets in service during
1992:
General
Depreciation Recovery
Property System Basis Period Method Deduction
Machinery/equipment 5-yr. prop. $543 5200 DB $109
Computer &
peripherals 5-yr. prop. 3155 200 DB 63
Office furniture 7-yr. prop. 1257 200 DB 18
Business library 20-yr. prop. 31120 150 DB 12
Total 202
Petitioners have substantiated their bases in these assets.
Accordingly, respondent has conceded that petitioners are
entitled to claimed depreciation in the amount of $202.
On the basis of petitioners' concession in the amount of
$155, petitioners' claim for additional depreciation in the
amount of $899 ($374 for computer peripherals plus $525 for
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