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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