Book Depreciation. The amount of "
Book Depreciation. The amount of “Book Depreciation” allowable to the Company for any fiscal year with respect to any Company property shall be equal to the product of (i) the amount of Tax Depreciation allowable to the Company for such year with respect to such property, multiplied by (ii) a fraction, the numerator of which is the property’s Book Basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year) and the denominator of which is the property’s adjusted tax basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year). If the denominator of the fraction described in clause (ii) above is equal to zero, the amount of “Book Depreciation” allowable to the Company for any fiscal year with respect to the Exhibit “A” Company property in question shall be determined under any reasonable method selected by the Tax Matters Partner.
Book Depreciation. For any asset for any fiscal period, an amount equal to the depreciation, amortization or other cost recovery deduction allowable for federal income tax purposes with respect to an asset for which the Gross Asset Value equals its adjusted tax basis. If the Gross Asset Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such fiscal period, Book Depreciation shall be an amount that bears the same ratio to the Gross Asset Value of that asset at the beginning of such fiscal period as the federal income tax depreciation, amortization or other cost recovery deduction allowable for that asset for such period bears to the adjusted tax basis of that asset at the beginning of such period. If the federal income tax depreciation, amortization, simulated depletion (with respect to oil and gas properties), or other cost recovery deduction allowable for any asset for such period is zero, then Book Depreciation for that asset shall be determined with reference to such beginning Gross Asset Value using any reasonable method selected by the Managing Partner.
Book Depreciation. The amount of “Book Depreciation” allowable to the Partnership for any fiscal year with respect to any Partnership property shall be equal to the product of (1) the amount of Tax Depreciation allowable to the Partnership for such year with respect to such property, multiplied by (2) a fraction, the numerator of which is the property’s Book Basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year) and the denominator of which is the property’s adjusted tax basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year). If the denominator of the fraction described in clause (2) above is equal to zero, the amount of “Book Depreciation” allowable to the Partnership for any fiscal year with respect to the Partnership property in question shall be determined under any reasonable method selected by the General Partner.
Book Depreciation. Book Depreciation" allowable to Palace for any Fiscal Year with respect to any LLC property shall be equal to the product of (a) the amount of Tax Depreciation allowable to Palace for such Fiscal Year with respect to such property, multiplied by (b) a fraction, the numerator of which is the property's Book Basis as of the beginning of such Fiscal Year (or the date of acquisition if the property is acquired during such year) and the denominator of which is the property's adjusted tax basis as of the beginning of such Fiscal Year (or the date of acquisition if the property is acquired during such Fiscal Year). If the denominator of the fraction described in clause (b) above is equal to zero, the amount of "Book Depreciation" allowable to Palace for any Fiscal Year with respect to Palace property in question shall be determined under any reasonable method selected by the Manager.
Book Depreciation. Book Depreciation charges shall be at a straight-line rate based on a thirty-five (35) year life in calculating the initial and subsequent levelized annual fixed charge rate.
Book Depreciation. For any asset with a tax basis of zero that is treated as being contributed to the Company pursuant to Code Section 721 as part of the Contribution, the Company shall calculate the “book depreciation” for such asset pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(g)(3) as if such asset were purchased on the applicable Closing Date for cash equal to its Allocated Value, as set forth on Annex B hereto.
Book Depreciation. Book Depreciation" allowable to the Company for any Fiscal Year with respect to any Company property shall be equal to the product of (i) the amount of Tax Depreciation allowable to the Company for such Fiscal Year with respect to such property, multiplied by a fraction, the numerator of which is the property's Book Basis as of the beginning of such Fiscal Year (or the date of acquisition or contribution if the property is acquired or contributed during such Fiscal Year) and (ii) the denominator of which is the property's adjusted tax basis as of the beginning of such Fiscal Year (or the date of acquisition if the property is acquired during such Fiscal Year). If the denominator of the fraction described in clause (ii) above is equal to zero, the amount of
Book Depreciation. 15 9.5 Section 704(c) Allocation................................................................... 16 9.6 Limitation on Net Loss Allocation........................................................... 16 9.7
Book Depreciation. Book Depreciation and any other loss or ----------------- deduction (including loss on sale) with respect to ownership of the Company's assets shall be included in the calculation of Net Income and Net Loss provided, however, that the Book Depreciation and any other loss or deduction (including loss on sale) with respect to the following assets shall not be so included, but shall be allocated in the manner indicated:
