In the United States, for depreciable property other than real estate, MACRS is based upon:

Question

Quizplus · Accepted Answer

MACRS (Modified Accelerated Cost Recovery System) is a tax depreciation system used in the United States for depreciable property other than real estate. The system is based on the declining-balance method, with the choice of either the 150% or 200% rate. The recovery period depends on the type of property, but it is generally shorter than the expected useful life of the property. Therefore, choice A is the correct answer.

In the United States, for Depreciable Property Other Than Real