Common use of Depreciation Method Clause in Contracts

Depreciation Method. 200% declining balance method, switching to straight line method for the I st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance. b. Recovery Period: 5 YEARS.

Depreciation Method. 200% declining balance methodmethod over the recovery Period, switching to straight line method for the I st first taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance. b. Recovery Period: 5 YEARS.