Mass Assets

Mass Assets means:
a group of individual items, not necessarily homogeneous, each of which is minor in value relative to the total value of the group, numerous in quantity, and usually accounted for only on a total dollar or quantity basis, and for which separate identification is impracticable. (Mass Tax is a broad tax that affects a majority of taxpayers). Examples include portable air and electric tools, jigs, dies, railroad ties, overhead conductors, hardware, textile spindles, and minor items of office, plant, and store furniture and fixtures, as well as other items that are considered subsidiary assets in computing the allowance for depreciation. This technique was used for the purposes of the (repealed) investment tax credit. Former Tax Regulation (check if this Reg. is current here) §1.47-1 (e)(4).

See Depreciation in the United States Encyclopedia of Law and Depreciation in the World Encyclopedia of Law.