General depreciation system (GDS)Question When can you use the general depreciation system (GDS)?
Answer You can use the basic, or general depreciation system (GDS) to depreciate any tangible property, unless you're required to use the alternative system, elect to use the alternative system, or are required to use some other depreciation method.
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Author of J.K. Lasser's Small Business Taxes 2007
Related Categories: Accounting, Finance, Taxes
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