SIMPLE. FAST. ACCURATE
Support Center > Knowledge base> Article: Depreciation and Other Information - MACRS

Depreciation and Other Information - MACRS

Article ID: 58912 Email Print
Question
Depreciation and Other Information - MACRS

Answer
The term "Modified Accelerated Cost Recovery System" (MACRS) includes the General Depreciation System and the Alternative Depreciation System. Generally, MACRS is used to depreciate any tangible property placed in service after 1986. However, MACRS does not apply to films, videotapes, and sound recordings.
 For more details on MACRS, see IRS Pub. 946.

related articles

Article Details
Views: 1209 Created on: Jun 15, 2013
Date updated: Dec 11, 2018

Poor Outstanding