Common use of DEPRECIATION OF TANGIBLE CAPITAL COSTS Clause in Contracts

DEPRECIATION OF TANGIBLE CAPITAL COSTS. Depreciation will be estimated from the Calendar Year in which the asset is placed into service, with a full Year’s depreciation allowed for the initial Calendar Year. For the purpose of estimating responsibility regarding Income Tax, depreciation shall be determined using a five (5) Year straight-line method.

DEPRECIATION OF TANGIBLE CAPITAL COSTS. Depreciation will be estimated from the Calendar Year in which the asset is placed into service, with a full Year’s 's depreciation allowed for the initial Calendar Year. For the purpose of estimating responsibility regarding Income Tax, depreciation shall be determined using a five ten (510) Year straight-line method.