The election to use ADS is made on a year-by-year,property-class by property-class basis for real and personal property.

Name: The election to use ADS is made on a year-by-year,property-class by property-class basis for real and personal property.
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Question

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The election to use the Alternative Depreciation System (ADS) is generally made on a class-by-class basis for all property within a class placed in service during the tax year, not on a year-by-year basis.

The Election to Use ADS Is Made on a Year-By-Year,property-Class