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Hello...I have gone back a couple of months, but have not been able to find any info...Please help..

1) If I want to depreciate using "section 179 expense deduction", do I need to fill out Form 4562 parts I and V?
***Yes, I believe so...
2) If yes, I need help in the following, Part V?

The property is a fax/printer, that was placed in service on 08/21/00. It is used 90% for business, and the cost was $356.00..

What is my (e) basis for depreciation?
***** .9*356 = 320
What is my (f) recovery period?
***** 5 year
What is my (g) method/convention?
****** 200DDB HY
What is my (h) depreciation deduction?
***** leave blank
What is my (i) elected section 179 cost?
***** .9*356 = 320
Any help very much appreciated?
That should do it
This is the only section of my taxes I can not figure out...

Thanks in advance...

*** Let's see if anyone else agrees/disagrees. I usually do the prep work and don't usually see the finished form, so I'm going by what I usually input.



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