August 2004
Intermediate to advanced
656 pages
15h 28m
English
The modified accelerated cost recovery system (MACRS) [IRS02] was put in place in 1987 and, as of publication of this book, is still in place. MACRS uses the same basic structure of ACRS but has more property classes and changes the depreciation rates. The “personal property” depreciation schedules still use declining-balance switching to straight-line, and the straight-line section still uses the book value from the point of switch as was shown in Figure 14.4. MACRS also ignores salvage values. The 3-, 5-, 10-, and 15-year classes are still there, but there was some realignment of the class definitions. In addition
There are two new classes for 7- and 20-year properties.
The depreciation ...
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