The depreciation method currently allowed under U.S. tax law governing the accelerated write-off of property under various lifetime classifications is called _____ depreciation.

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MACRS (Modified Accelerated Cost Recovery System) is the depreciation method currently allowed under U.S. tax law governing the accelerated write-off of property under various lifetime classifications. FIFO (First-In-First-Out) is a method of inventory accounting, not depreciation. Straight-line, sum-of-years digits, and curvilinear are all valid depreciation methods but are not specific to the accelerated write-off allowed under U.S. tax law.

The Depreciation Method Currently Allowed Under U