(MACRS) Definition

MACRS Definition isThe Modified Accelerated Cost Recovery System is the current tax depreciation system in the United States. Under this system, the capitalized cost of tangible property is recovered over a specified life by annual deductions for depreciatio

Modified Accelerated Cost Recovery System (MACRS) Definition

Shamsa Rafique Accounting Definitions

Modified Accelerated Cost Recovery System (MACRS) Definition: A method of depreciation required for income tax purposes that depends on which of nine property classes an asset belongs.