Listed Property Defined Words you may need to know (see Glossary): Capitalized Recovery period Straight line method Listed property is any of the following. Any passenger automobile (defined later under SpecialRule for Passenger Automobiles). Any other property used for transportation. Any property of a type generally used for entertainment,recreation, or amusement (including photographic, phonographic,communication, and video-recording equipment). Any computer and related peripheral equipment (definedlater) unless it is used only at a regular businessestablishment and owned or leased by the person operating theestablishment. A regular business establishment includes a portion ofa dwelling unit if that portion is used both regularly and exclusivelyfor business as discussed in Publication 587.Dwelling units aredefined earlier in chapter 3 in Residential rental propertyunder Property Classes and Recovery Periods. Any cellular telephone (or similar telecommunicationequipment). Other Property Usedfor Transportation Other property used for transportation includes trucks, buses,boats, airplanes, motorcycles, and any other vehicles for transportingpersons or goods. Vehicles that are not listed property.The following vehicles, because of their design, are unlikely to beused very often for personal purposes. They are not listedproperty. Clearly marked police and fire vehicles. Unmarked vehicles used by law enforcement officers if theuse is officially authorized. Ambulances used as such and hearses used as such. Any vehicle with a loaded gross vehicle weight of over14,000 pounds that is designed to carry cargo. Bucket trucks (cherry pickers), cement mixers, dump trucks(including garbage trucks), flatbed trucks, and refrigeratedtrucks. Combines, cranes and derricks, and forklifts. Passenger buses with a capacity of at least 20 passengersthat are used as passenger buses. Qualified moving vans (as defined later). Qualified specialized utility repair trucks (as definedlater). School buses if substantially all the use of the buses is intransporting students and employees of schools. Tractors and other special purpose farm vehicles. Clearly marked police and fire vehicles.A clearly marked police or fire vehicle is a vehicle that meetsall of the following requirements. It is owned or leased by a governmental unit or an agency orinstrumentality of a governmental unit. It is required to be used for commuting by a police officeror fire fighter who, when not on a regular shift, is on call at alltimes. Personal use (other than commuting) of the vehicle outsidethe limit of the police officer's arrest powers or the fire fighter'sobligation to respond to an emergency is prohibited. It is clearly marked with painted insignia or words thatmake it readily apparent that it is a police or fire vehicle. Amarking on a license plate is not a clear marking for thesepurposes. Qualified moving vans.A qualified moving van is any truck or van used by a professionalmoving company for moving household or business goods if the followingrequirements are met. No personal use of the van is allowed other than for travelto and from a move site or for minor personal use, such as a stop forlunch on the way from one move site to another. Personal use for travel to and from a move site happens nomore than five times a month on average. Personal use is limited to situations in which it is moreconvenient to the employer, because of the location of the employee'sresidence in relation to the location of the move site, for the vannot to be returned to the employer's business location. Qualified specialized utility repair trucks.A truck is a qualified specialized utility truck if it is not a vanor pickup truck and all of the following apply. The truck was specifically designed for and is used to carryheavy tools, testing equipment, or parts. Shelves, racks, or other permanent interior construction hasbeen installed to carry and store the tools, equipment, or parts andwould make it unlikely that the truck would be used, other thanminimally, for personal purposes. The employer requires the employee to drive the truck homein order to be able to respond in emergency situations for purposes ofrestoring or maintaining electricity, gas, telephone, water, sewer, orsteam utility services. Computers and RelatedPeripheral Equipment A computer is a programmable, electronically activated device thatis capable of accepting information, applying prescribed processes tothe information, and supplying the results of those processes with orwithout human intervention. It consists of a central processing unitwith extensive storage, logic, arithmetic, and control capabilities. Related peripheral equipment is any auxiliary machine which isdesigned to be controlled by the central processing unit of acomputer. The following are neither computers nor related peripheralequipment. Any equipment which is an integral part of property which isnot a computer. Typewriters, calculators, adding and accounting machines,copiers, duplicating equipment, and similar equipment. Equipment of a kind used primarily for the user's amusementor entertainment, such as video games. Improvements toListed Property An improvement that is made to listed property and that must becapitalized is treated as a new item of depreciable property. Therecovery period and method of depreciation that apply to the listedproperty as a whole also apply to the improvement. For example, if youmust depreciate the listed property using the straight line method,you must also depreciate the improvement using the straight linemethod.