Depreciation Method. 200% declining balance method, switching to straight line method for the 1st 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.
Appears in 2 contracts
Samples: Master Lease Agreement (Autocam Corp/Mi), Ge Capital (Diagnostic Retrieval Systems Inc)
Depreciation Method. 200% declining balance method, switching to straight line method for the 1st 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.
Appears in 2 contracts
Samples: Master Lease Agreement (Hutchinson Technology Inc), Master Lease Agreement (Continental Caribbean Containers Inc)
Depreciation Method. 200% declining balance method, switching to straight line method for the 1st 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: Five (5). c. Basis: 100% of Capitalized Lessor's Cost.
Appears in 1 contract
Samples: Aircraft Lease Agreement (Smart Choice Automotive Group Inc)
