Modified Accelerated Cost Recovery System - MACRS

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Dictionary Says

Definition of 'Modified Accelerated Cost Recovery System - MACRS'

The new accelerated cost recovery system, created after the release of the Tax Reform Act of 1986, which allows for greater accelerated depreciation over longer time periods.
Investopedia Says

Investopedia explains 'Modified Accelerated Cost Recovery System - MACRS'

Faster acceleration allows individuals to deduct greater amounts during the first few years of an asset's life.

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Related Definitions

  1. Accelerated Cost Recovery System - ACRS

    A system of ...
  2. Accelerated Depreciation

    Any method of ...
  3. Depreciation

    1. A method of ...
  4. General Depreciation System - GDS

    The most ...
  5. Accounting

    The systematic ...
  6. Tax Reform Act Of 1986

    A law passed by ...
  7. Depreciable Property

    Any type of ...
  8. Recovery Property

    A specific class ...
  9. Half-Year Convention For Depreciation

    A depreciation ...
  10. Capital Recovery

    1. The earning ...

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