For depreciable property other than real estate, MACRS is based upon:

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Quizplus · Accepted Answer

MACRS (Modified Accelerated Cost Recovery System) is based on either the 150% or 200% declining-balance method for depreciable property other than real estate. These methods allow for accelerated depreciation in the early years of an asset's life, which can provide tax benefits for businesses. The straight-line method and a 10-year recovery period are not applicable to all types of depreciable property and are not used in MACRS. The depreciation method and recovery period used by the company in its financial statements may differ from MACRS and can only be used for tax purposes if they are consistent with MACRS rules.

For Depreciable Property Other Than Real Estate, MACRS Is Based