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

Question

Quizplus · Accepted Answer

This statement is true. The election to use straight-line depreciation under ADS is made on a class-by-class basis for property other than eligible real estate. This means that each class of property must be analyzed separately to determine if the straight-line method is the most advantageous method of depreciation under ADS.

An Election to Use Straight-Line Under ADS Is Made on a Class-By-Class