Depreciating assets to IRS - which form?

My small business owns:
(1) 3/4ton pickup truck, to be depreciated over 5 years (this is the second year in the business) using SL method (1) Tagalong trailer, expensed as Section 179 property last year
(1) Commercial lawn mower, to be expensed as Section 179 property this year (1) Small pickup purchased this year, to be depreciated over 5 years using SL method
All of these pieces of equipment are business property and not used for personal use. What forms should I be using to report all of this to the IRS? I used form 4562 last year and was planning to do the same this year however...
According to instructions with form 4562 under part V (listed property) is states that if I file Sched. C and claim actual vehicle expenses I should report depreciation on Sched. C and not here unless I have to file 4562 for other items so...
I should file 4562 to report Section 179 expense of mower and include the small pickup depreciation here and not on sched C. And what about depreciation for the 3/4ton pickup? where should that be depreciated???
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So.......you have other items being entered on the 5462. Namely the mower for Section 179.

Use the 4562 for the vehicle(s) and the mower.
--
Paul Thomas, CPA
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Paul Thomas, CPA wrote:

And if you're doing your own business tax return use a program like TurboTax or a free tax program such as www.taxact.com , they both can handle depreciating assets which can be tricky to calculate and report each year.
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