Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200% declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance.
Appears in 10 contracts
Samples: Master Lease Agreement (Infinity Pharmaceuticals, Inc.), Master Lease Agreement (Star Scientific Inc), Master Lease Agreement (Chromavision Medical Systems Inc)
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200200 % declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance, taking into account the 30% or 50% special depreciation allowance and basis adjustment under Section 168(k)(1) of the Code, whichever is applicable.
Appears in 3 contracts
Samples: Master Lease Agreement (Momenta Pharmaceuticals Inc), Master Lease Agreement (Intercept Inc), Master Lease Agreement (Impreso Inc)
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200% declining balance method, switching to straight straight-line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance.
Appears in 2 contracts
Samples: Lease Agreement (On Semiconductor Corp), Lease Agreement (On Semiconductor Corp)
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200% declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance, taking into account the 30% or 50% special depreciation allowance and basis adjustment under Section 168(k)(1) of the Code, whichever is applicable.
Appears in 2 contracts
Samples: Master Lease Agreement (Intercept Inc), Master Lease Agreement (Predix Pharmaceuticals Holdings Inc)
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200200 % declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance., taking into account the 50% special depreciation allowance and basis adjustment under Section 168(k)(1) of the Code, whichever is applicable.
Appears in 2 contracts
Samples: Master Lease Agreement (Smith & Wollensky Restaurant Group Inc), Master Lease Agreement (Smith & Wollensky Restaurant Group Inc)
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200200 % declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance.
Appears in 2 contracts
Samples: Master Lease Agreement (Infinity Pharmaceuticals, Inc.), Master Lease Agreement (Action Performance Companies Inc)
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200200 % declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance, taking into account the 30% special depreciation allowance and basis adjustment under Section 168(k)(1) of the code.
Appears in 1 contract
Samples: Master Lease Agreement (Predix Pharmaceuticals Holdings Inc)
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200% declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowanceallowance 2. Recovery Period: FIVE (5) YEARS. 3. Basis: 100% of Capitalized Lessors Cost.
Appears in 1 contract
Samples: Myriad Genetics Inc
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200200 % declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance, taking into account the 30% or 50% special depreciation allowance and basis adjustment under Section 168(k)(1) of the code, whichever is applicable.
Appears in 1 contract
Samples: Master Lease Agreement (Predix Pharmaceuticals Holdings Inc)
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200% declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance. 2. Recovery Period: SEVEN (7) YEARS. 3. Basis: 100% of the Capitalized Lessor's Cost.
Appears in 1 contract
Samples: Autocam Corp/Mi
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200200 % declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance, taking into account the 30% special depreciation allowance and basis adjustment under Section 168(k)(I) of the code.
Appears in 1 contract
Samples: Security Deposit Pledge Agreement (Overhill Farms Inc)
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200-200% declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance.
Appears in 1 contract
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200% declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance.
Appears in 1 contract
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200% declining balance method, switching to straight line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance.
Appears in 1 contract
Samples: Master Lease Agreement (Integrated Information Systems Inc)
Tax Benefits Depreciation Deductions. 1. Depreciation method is the 200200 % declining balance method, switching to straight straight-line method for the 1st taxable year for which using the straight line method with respect to the adjusted basis as of the beginning of such year will yield a larger allowance.
Appears in 1 contract
