The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method which

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MACRS is a depreciation method used for tax purposes by businesses to recover part of the cost of a qualifying asset over a specified period of time. It is not required for financial statement purposes, nor is it mandated by the SEC. Additionally, MACRS does not expense an asset over a single year; instead, assets are assigned to specific predetermined classes, each of which has its own recovery period.

The Modified Accelerated Cost Recovery System (MACRS) Is a Depreciation