Depreciation and Other Information - MACRS

Depreciation and Other Information - MACRS

The term "Modified Accelerated Cost Recovery System" (MACRS) includes the General Depreciation System and the Alternative Depreciation System. Generally, MACRS is used to depreciate any tangible property placed in service after 1986. However, MACRS does not apply to films, videotapes, and sound recordings.

 For more details on MACRS, see IRS Pub. 946.

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