Modified Accelerated Cost Recovery System (MACRS) is the method of depreciation used to expense the cost of most property placed in service after 1986. Under MACRS, the cost of qualified property is expensed over predetermined periods.

For additional information and charts, please refer to IRS Instructions for Form 4562 Depreciation and Amortization (Including Information on Listed Property) and IRS Publication 946 How To Depreciate Property.

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