General Depreciation System

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In depreciation, the most common method used in the Modified Accelerated Cost Recovery System. Under the General Depreciation System, one uses either the declining balance method or straight-line depreciation, depending on which will result in a greater amount depreciated for the time period in question.

General Depreciation System

The most commonly used method for computing MACRS depreciation. Personal property is depreciated using the declining-balance method (double or 150 percent, depending on the recovery class) switching to straight line when that method results in the larger deduction. Residential rental property is depreciated using the straight-line method over 27.5 years, and nonresidential real property is depreciated using the straight-line method over 39 years (31.5 years for property placed in service before May 13, 1993).

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Class Lives			168 general depreciation system, the applicable recovery period for residential rental property is 27. Home office qualifies as residential rental property by O'Driscoll, David / The Tax Adviser Regular tax depreciation may be computed using either of two systems, the General Depreciation System (GDS) or the Alternative Depreciation System (ADS), both of which are part of MACRS. Depreciation computations made easy by Hutton, Marguerite R.; Lockhart, Julie A. / The National Public Accountant			GE Gearing Gearing Ratio Gedeckte option GEL GEM Gemeinschaft Genbutsu Genbutsu Kakaku Genbutsu Kessai Genehmigtes kapital General Acceptance General Account general agency general agent General Agreement on Tariffs and Trade general and administrative expenses General Arrangements to Borrow General Average General Average Contribution general bill of sale General cash offer General Collateral Financing Trades general contractor General Creditor General Depreciation System General Ledger general lien General Loan and Collateral Agreement General Mortgage General Obligation General Obligation Bond General Obligation Bonds General Order general partner general partnership General price level General Price Level Accounting General Revenue General Rule General Securities Registered Representative Examination General Services Administration General Straight-Line Depreciation System General Strike General Tariff General Utilities Doctrine general warranty deed generally accepted accounting principles Generally Accepted Auditing Standards Generation-Skipping Transfer or Trust Generic			General demurrer General denial General Denikin General Dental Council General Dental Practice Committee General Dental Practitioner General Dental Practitioners Association General Department for Animal Resources General Department of Cadastre and Geography General Department of Civil Aviation General Department of Land Administration General Department of Meteorology and Hydrology General Department of National Reserve General Department of National Taxation General Department of Post and Telecommunications General Department of Preventive Medicine and HIV/AIDS Control General Department of Taxation General Department of Vietnam Customs General Department of Vocational Training General Department Store Merchandise General Departmental Management General Departments General Deployment general depot General Depreciation System General Design and Interface Requirement General Design Criterion General Design Memorandum General Design Requirements General Design Specification General Detail General Development Corp General Development Financial Services General Development Map General Development Order General Development Procedure Order General Development Quotient General Diary general diffuse lighting General Digital General Digital Corporation General Digital Data Service Obligation General Directorate for Civil Aviation General Directorate for Development Cooperation General Directorate for Local Authorities General Directorate for Servicing Foreign Representative Offices General Directorate for State Security Investigations General Directorate of Civil Defence General Directorate of Civil Status

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