General Depreciation System (GDS): What it is, How it Works
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General Depreciation System (GDS): What it is, How it Works
Today, we will talk about the General Depreciation System (GDS), which is the most commonly used modified accelerated cost recovery system (MACRS) for calculating depreciation. This system uses the declining balance method to depreciate personal property, allowing for larger depreciation deductions in the early years and lower deductions in the ...
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