An election to use straight-line under ADS is made on an asset-by-asset basis for property other than eligible real estate.

Question

Quizplus · Accepted Answer

The election to use the straight-line method under the Alternative Depreciation System (ADS) is made on a class-by-class basis for all property except residential rental property and nonresidential real property, for which the election is made on an asset-by-asset basis.

An Election to Use Straight-Line Under ADS Is Made on an Asset-By-Asset