Become familiar with the two types of depreciation systems under MACRS.
The first type of depreciation system is a General Depreciation System, which is the default convention. The other type of depreciation system is the Alternative Depreciation System. Assets will always be depreciated under the GDS method unless you have to depreciate under the ADS, or you choose to. This video reviews these two types of depreciation systems and the steps to take to get started under MACRS.
Runtime: 16 minutes
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