Alternative Depreciation System (ADS)

Alternative Depreciation System (ADS),

How To Define Alternative Depreciation System (ADS)?

  1. Definition of Alternative Depreciation System (ADS): The Alternative Depreciation System (ADS) is a method that needs to be used by Internal Revenue Service (IRS) taxpayers to determine acceptable prices on business assets. ADSs have long payment schedules that typically reflect a declining balance of income flows. If the taxpayer decides on an alternative depreciation system, it must apply to all assets in the same category that were operated in the same year.

    • The Alternative Depreciation System (ADS) is a method that allows taxpayers to calculate the amount of depreciation that allows the IRS to extract certain business assets.
    • Depreciation is an accounting method that allows a company to spread the value of an asset over its expected useful life.
    • An alternative depreciation system allows taxpayers to increase the number of years of declining asset prices.
    • The General Depreciation System (GDS) allows taxpayers to accelerate the rate of decline in asset prices by recording the maximum value in the first years of the asset's useful life.

Literal Meanings of Alternative Depreciation System (ADS)


Meanings of Alternative:
  1. (One or more of the things) is available as an option or other option.

  2. In relation to activities that deviate from or go against traditional principles.

  3. One of two or more options is available.

Sentences of Alternative
  1. Various alternative dispute resolution methods.

  2. Alternative lifestyle

  3. Audio books are an interesting alternative to reading.

Synonyms of Alternative

extreme, proxy, second, cranky, novel, bizarre, stand-in, aberrant, off the wall, possible, idiosyncratic, anomalous, resort, backup, abnormal, radical, pinch-hitting, revolutionary, off-centre, heteroclite, cover, irregular, uncommon, surrogate, way-out, reserve


Meanings of Depreciation:
  1. Decrease in asset value over time, mainly due to wear and tear.

Sentences of Depreciation
  1. Depreciation of fixed assets is expected.

Synonyms of Depreciation

slump, nosedive, downturn, markdown, reduction, reduction in value, drop, tumble, downtick, decrease in value, cheapening, decline, lowering in value, devaluing, devaluation, downswing, plunge, crash


Meanings of System:
  1. A set of things that work together as part of a complex interconnection or network mechanism.

  2. A set of principles or methods by which something is done in an organized scheme or way.

  3. The prevailing political or social system, especially if viewed as oppressive and stubborn.

  4. A series of sticks in a key-linked score.

Sentences of System
  1. National Rail System

  2. Public school system

  3. Do not attempt to bypass the system.

Synonyms of System

scheme, tactic, ■■■■■■, tack, officialdom, arrangement, line of action, regimen, framework, apparatus, structure, the authorities, approach, procedure, plan, order, the ruling class, process, bureaucracy, set-up, institution, set of principles, complex, set of procedures, policy, means


Meanings of ADS:
  1. An advertisement.

  2. Abbreviations are benefits.

Sentences of ADS
  1. Latest stock TV commercials