CCH Axcess Tax

ACRS Methods - Real Property Other than Low Income Housing

C. The prescribed method for real property other than low income housing. This method represents an accelerated depreciation rate, based on the IRS table percentages. Enter a useful life of 15, 18 or 19 years in the "Life/Rate" field. If a useful life of other than 15, 18 or 19 years is entered, depreciation is computed, assuming 15, 18 or 19 years, based on the date the asset is placed in service. A diagnostic message is also issued.

CSL. The optional method for real property other than low income housing. The straight line method of depreciation is computed over the life entered, based on the IRS table percentages. Valid useful life years are 15, 18, 19, 35 and 45 years. If a useful life other than 15, 18, 19, 35 or 45 years is entered, a useful life of 35 years is assumed for computational purposes and a diagnostic message is issued.

Note: A method of "SL" for straight line may be entered to compute the depreciation at a "true" straight line rate.