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| Definition Of: |
Asset Class Life
The updated ADR midpoint life as modified by the 1986 Tax Reform Act. An asset class life represents the IRS designated economic life of an asset- and is used as the recovery period for alternative tax depreciation computations.
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Leasing Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 A: Page 1 of 4.
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