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Ed in service after 12/31/09 (depreciation): Intangibles placed in service after 12/31/09 (amortization): Depreciation of Assets (a) (b) (c) Description of property Date placed Cost or in service other basis (d) Method of figuring depreciation (e) Life or rate (f) Depreciation for this year Amortization of Property (g) Code section (h) Period or percentage (i) Amortization to this year 1 1 Enter line 1, column (f) and column (i) totals . . . .

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Related content

2018 Instructions for Form FTB 3885 | FTB.ca.gov
The first-year depreciation deduction allowed for new luxury autos or certain passenger...
Learn more
2010 568 Booklet -- Limited Liability Company...
FTB 3885L, Depreciation and Amortization ... Page Form 568 Booklet 2010 ... 2010...
Learn more

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Use form FTB 3885, Corporation Depreciation and Amortization, to calculate California depreciation and amortization deduction for corporations, including partnerships and limited liability companies (LLCs) classified as corporations.

California does not conform to either the Accelerated Cost Recovery System (ACRS) or Modified Accelerated Cost Recovery System (MACRS) systems of depreciation for corporate tax purposes. California conforms only to the depreciation methods specified in IRC §167, prior to the enactment of the ACRS and MACRS systems.

California law has not always conformed to federal law with regard to depreciation methods, special credits, or accelerated write‑offs. Consequently, the recovery periods and the basis on which the depreciation is calculated may be different from the amounts used for federal purposes.

Special and Bonus Depreciation. California does not conform to the federal special or bonus depreciation for qualified property acquired and placed in service.

Use form FTB 3885L, Depreciation and Amortization, to compute depreciation and amortization allowed as a deduction on Form 568, Limited Liability Company Return of Income.

For California purposes, the maximum IRC Section 179 expense deduction allowed is $25,000. This amount is reduced if the cost of all IRC Section 179 property placed in service during the taxable year is more than $200,000.

Purpose. Use form FTB 3885A, Depreciation and Amortization Adjustments, only if there is a difference between the amount of depreciation and amortization allowed as a deduction using California law and the amount allowed using federal law.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232