Enter the life in years, or the effective rate as a four digit decimal for depreciable assets. Life years is the preferable rate for the entry. The decimal rate is used as entered for pre-ACRS assets only.
The decimal rate is not adjusted upward for declining balance or double declining balance methods. For example: Enter an asset as "DDB" with a 10 year life with the effective rate as "0.2000." Enter an effective rate for an asset with a Pre-ACRS method only.
If no entry is made, the default is the corresponding federal "Life/Rate" entry.
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