Prepare a depreciation worksheet from the asset register
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Table each asset, its cost and the date placed in service, as the register states them. Do not compute a depreciation deduction and do not state a useful life.
- What the lawyer must review
- 26 U.S.C. § 167 allows as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear, including a reasonable allowance for obsolescence, of property used in the trade or business, or of property held for the production of income. The basis is the adjusted basis provided in section 1011. You open § 1011. For property to which § 168 applies, § 167 points to § 168. You open § 168 before you use a recovery period or a method. You decide what is depreciable. Office of Professional Responsibility Issue 2026-19: verify calculations before a return is filed. The worksheet contains none.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Consider narrowly defined preparation support after confirming the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Check the current court or regulator requirements, prescribed form and attachments for the intended document and filing.
- Obtain and inspect the relevant current official register or search result. Confirm identities, interests and the date and scope of the search.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.