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Real Estate Glossary

Class Life

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Written by Luis Escobar

Set by the Internal Revenue Service, class life pertains to the useful life of a property as defined by the Alternative Depreciation System (ADS) or the General Depreciation System (GDS).

Set by the Internal Revenue Service, class life pertains to the useful life of a property as defined by the Alternative Depreciation System (ADS) or the General Depreciation System (GDS).

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Luis Escobar

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