When using MACRS, an asset classified as having a 5 year depreciable life will be fully depreciated at the end of 5 years.

Name: When using MACRS, an asset classified as having a 5 year depreciable life will be fully depreciated at the end of 5 years.
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Under MACRS (Modified Accelerated Cost Recovery System), assets are often not fully depreciated by the end of their class life because the system uses a half-year convention for most assets, extending depreciation beyond the asset's class life.

When Using MACRS, an Asset Classified as Having a 5