Depreciation Schedule

Overview

Tracks business asset purchases and calculates annual depreciation deductions using the Modified Accelerated Cost Recovery System (MACRS). Also covers Section 179 immediate expensing for qualifying assets. Reports to Schedule C, Line 13 via Form 4562.

Wilson Tools Used

• transaction_search — Find asset purchases (equipment, furniture, vehicles, property)
• categorize — Tag transactions as depreciable assets with their asset class
• export_transactions — Export asset list and depreciation schedule for Form 4562

Workflow