NY - Depreciation

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The following five scenarios apply to assets on New York State Form CT-399, New York City Form NYC-399, and/or New York City Form NYC-399Z.

Assets will apply to Form CT-399, Section A and Form NYC-399 under Scenarios 1 and 2:

Scenario 1:

1. The state depreciation method is different than the federal depreciation method, 2. State/city depreciation expense is different from the federal depreciation expense, 3. The asset was placed in service after the corporation's fiscal taxable year 1980 and before the corporation's fiscal taxable year 1985.

Scenario 2:

1. The state depreciation method is different than the federal depreciation method, 2. State/city depreciation expense is different from the federal depreciation expense, 3. The asset was placed in service after the corporation's fiscal taxable year 1984 and before the corporation's fiscal taxable year 1994, and 4. The asset was placed in service outside New York State.

Assets will apply to Form CT-399, Section B and Form NYC-399Z under Scenario 3:

Scenario 3:

1. The asset is placed in service on or after June 1, 2003, 2. The asset is not a Liberty Zone Business property, 3. The asset is not a resurgence zone property, and 4. The asset has a Special Depreciation Allowance.

Assets will apply to Form NYC-399Z, Schedule A1 under Scenario 4:

Scenario 4:

1. The asset is placed in service on or after September 11, 2001 and 2. The city depreciation expense is different from the federal depreciation expense. 3. The asset is not an SUV

Assets will also apply to Form NYC-399Z, Schedule A2 under Scenario 5:

Scenario 5:

1. The asset is placed in service on or after September 11, 2001 and 2. The asset is an SUV.

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