An Election to Use Straight-Line Under ADS Is Made on an Asset-By-Asset

question 45

True/False

An election to use straight-line under ADS is made on an asset-by-asset basis for property other than eligible real estate.

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Definitions:

Coal

A combustible black or brownish-black sedimentary rock, formed from ancient plant matter, used as a fossil fuel.

Oil Shale

A type of sedimentary rock that contains kerogen, a mix of organic compounds from which liquid hydrocarbons can be produced.

Energy Resource

Any natural or artificial substance or mechanism that can be used to produce energy or power.

Fold

A bend in layers of rock or earth's crust caused by stress, resulting in curved or bent strata.