Common use of Depreciation Method Clause in Contracts

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) years. c. Basis: 100% of Capitalized Lessor's Cost.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Service Merchandise Co Inc)

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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) years. 5 YEARS c. Basis: 100% of Capitalized Lessor's Cost.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Restaurant Co)

Depreciation Method. 200% declining balance methodmethod over the recovery Period, 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. b. Recovery Period: five (5) years. c. Basis: 100% of Capitalized Lessor's Cost.

Appears in 1 contract

Samples: Xetel Corp

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Depreciation Method. 200% declining balance method, switching to straight line method for the 1st 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: five (5) years5 YEARS. c. Basis: 100% of Capitalized Lessor's Cost.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Autocam Corp/Mi)

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