Introduction If you buy farm property such as machinery, equipment, or astructure with a useful life of more than a year, you generally cannotdeduct its entire cost in one year. Instead, you must spread the costover more than one year and deduct part of it each year. For mosttypes of property, this is called depreciation. This chapter gives information on depreciating property placed inservice after 1986. For information on depreciating property placed inservice before 1987, see Publication 534, Depreciating PropertyPlaced in Service Before 1987. Caution: You must use the 150% declining balance method for property used ina farming business rather than the 200% declining balance method, oryou can elect an alternative method. The methods you can use arediscussed later under Depreciation Methods. TaxTip: To help you understand depreciation and how to complete Form 4562,Depreciation and Amortization, cheap hotels in Kastrupsee the filled-in Form 4562in chapter 20. Noordwijk Travel TipsThis chapter also provides information on figuring both costdepletion (including timber depletion) and percentage depletion. alberghi a MalagaThe last section of this chapter discusses amortization of section197 intangibles, reforestation costs, pollution control facilities,and the costs of going into business.