Schedule E—Change in Depreciation

All applicants requesting to change their accounting method for depreciation or amortization must complete Schedule E of Form 3115. Attach a statement describing the property subject to the change. Include the property description, type, placed-in-service year, and use in the applicant's trade or business or income-producing activity, and include the type and amount of any tax credit claimed, subsidy, or grant received, along with any necessary adjustments to basis required under the Code, with respect to the property. The statement should include a description of the incentive received with respect to the property subject to the change, including whether the type of incentive is a tax credit, subsidy, grant, or other incentive and whether the incentive is funded by the federal government, a state or local government, or an agency or instrumentality thereof. Applicants changing their accounting method for depreciation or amortization under the automatic change procedures should see the depreciation changes in the List of DCNs below.

Do not file Form 3115:

To make an election under section 167, 168, 179, 197, or former section 1400I;
To revoke an election made under one of those sections;

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To make or revoke an election under section 13261(g)(2) or (3) of the Revenue Reconciliation Act of 1993 (relating to section 197 intangibles);
To change the placed-in-service date;
To change the salvage value (except for a change in salvage value to zero when the salvage value is expressly treated as zero by the Code, the regulations, or other published guidance); or
To change a useful life under section 167 (except for a change to or from a useful life, recovery period, or amortization period that is specifically assigned by the Code, the regulations, or other published guidance).