What GENERAL STRAIGHT-LINE DEPRECIATION SYSTEM means: A MACRS system of depreciation using the straight-line method over the normal MACRS recovery period for the asset.
- Definition Gain:
- Dictionary The excess of the amount realized from a sale or exchange over the adjusted basis of the property sold or exchanged general straight-line depreciation system definition.
- Definition Gift:
- Dictionary property from one person or entity to another without consideration or compensation. For income tax purposes, the words "gift" and "contribution" usually have separate meanings general straight-line depreciation system explain.
- Definition General Depreciation System:
- Dictionary used method for computing MACRS depreciation. Personal property is depreciated using the declining-balance method (double or 150 percent, depending on the recovery class) switching to straight line general straight-line depreciation system what is.
- Definition Gross Income:
- Dictionary Total worldwide income received in the form of money, property, or services that is subject to tax unless specifically exempt or excluded by law general straight-line depreciation system meaning.
How works General Straight-Line meaning in Tax definitions G .
