Asset Depreciation Range System


Also found in: Acronyms.

Asset Depreciation Range System

A range of depreciable lives the IRS allows for particular classes of assets.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Asset Depreciation Range System

A system for determining the useful life of different kinds of assets that the IRS uses in determining depreciation. This is used in turn to determine the taxation for different assets. See also: Modified Accelerated Cost Recovery System.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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