All of the Following Are True with Regard to the Alternative

question 12

Multiple Choice

All of the following are true with regard to the alternative depreciation system except

• A)the principal type of property for which ADS is required is any tangible property which is used predominantly outside of the United States.
• B)the ADS election is available to real property on a property-by-property basis.
• C)the ADS election is available to personal property on a property-by-property basis.
• D)once the ADS election is made for specified property,it is irrevocable.

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Definitions:

Straight-Line Methods

Straight-line methods are used in accounting to allocate the cost of an asset evenly over its useful life for the purposes of depreciation.