What is business personal property? The guide is divided into eight sections – (I) Overview for.Filing a Business Property Statement, (II) Filing a Form 571-L Electronically (e-File),. Today's q a session is to help you prepare your business per personal property statement also known as the 571l. Use form FTB 3885, Corporation Depreciation and Amortization, to calculate California depreciation and amortization deduction for corporations. County of Los Angeles Office of the Assessor. Now that the affidavit is signed and notarized, all you have to do is present it to the person or entity to collect the property. This portion of the form must be legibly filled out in PRINT. To calculate taxable value using the Personal Property Manual, the assessor completes three steps: ▫ Select the appropriate expected life table,. Please mail your completed LAT 5 form to: P.O. Box 52928.