Publication 534
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Depreciating Property Placed in Service Before 1987
Overview
The law allows you to recover your cost in business or income-producing property through yearly tax deductions. You do this by depreciating your property, that is, by deducting some of your cost on your tax return each year. You can depreciate both tangible property, such as a car, building, or machinery, and certain intangible property, such as a copyright or a patent.
Use Publication 946 to figure depreciation on property you placed in service after 1986.
