MACRS – Modified Accelerated Cost Recovery System is a recovery systems that uses 3, 5, 7, & 10 year recovery periods for business equipment, 15 year recovery period for land improvements, 27.5 year recovery period for residential rental property, and 39 year recovery period for commercial property.
What is MACRS? Modified Accelerated Cost Recovery System
MACRS – Modified Accelerated Cost Recovery System is a recovery systems that uses 3, 5, 7, & 10 year recovery periods for business equipment, 15