The straight-line method may be elected for depreciating tangible personal property placed in service after 1986.

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The Tax Reform Act of 1986 allows taxpayers to use the straight-line method for depreciation of tangible personal property placed in service after 1986. This method spreads the cost of the asset evenly over its useful life. However, there are also other depreciation methods available, such as the accelerated cost recovery system (ACRS) and the modified accelerated cost recovery system (MACRS), which may provide greater tax benefits in certain situations.

The Straight-Line Method May Be Elected for Depreciating Tangible Personal