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asset depreciation range |
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asset depreciation range (ADR) An elective depreciation method allowed by the IRS after 1970 and before 1981.It had over 100 classes of property from which to choose appropriate depreciation periods.The entire system was a hotbed of taxpayer versus IRS controversy,so it was replaced by the ACRS system in 1981,and then by the MACRS in 1987.One still encounters the ADR in literature,but it no longer exists. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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51) In 1971, the Department of Treasury adopted the Asset Depreciation Range System ( [section] 167(m) provided that in the case of a taxpayer who elected the asset depreciation range system of depreciation, the depreciation deduction would be computed based on the class life prescribed by the Secretary that reasonably reflects the anticipated useful life of that class of property to the industry or other group. (ACRS); and the Asset Depreciation Range (ADR). |
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