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The Modified Accelerated Cost Recovery System (MACRS) is the current tax depreciation system in the United States. Under this system, the capitalized cost (basis) of tangible property is recovered over a specified life by annual deductions for depreciation. The lives are specified broadly in the Internal Revenue Code. The Internal Revenue Service (IRS) publishes detailed tables of lives by classes of assets. The deduction for depreciation is computed under one of two methods (declining balance switching to straight line or straight line) at the election of the taxpayer, with limitations. See IRS Publication 946 for a 120-page guide to MACRS.

Attributes	Values
rdfs:label	MACRS (en)
rdfs:comment	The Modified Accelerated Cost Recovery System (MACRS) is the current tax depreciation system in the United States. Under this system, the capitalized cost (basis) of tangible property is recovered over a specified life by annual deductions for depreciation. The lives are specified broadly in the Internal Revenue Code. The Internal Revenue Service (IRS) publishes detailed tables of lives by classes of assets. The deduction for depreciation is computed under one of two methods (declining balance switching to straight line or straight line) at the election of the taxpayer, with limitations. See IRS Publication 946 for a 120-page guide to MACRS. (en)
dcterms:subject	Taxation in the United States Tax terms Internal Revenue Code Depreciation
Wikipage page ID	1944555 (xsd:integer)
Wikipage revision ID	1076912336 (xsd:integer)
Link from a Wikipage to another Wikipage	Capital Cost Allowance Amusement park Depreciation Internal Revenue Code Taxation in the United States Computer Construction Maryland Offshore drilling Alternative Minimum Tax Locomotive Furniture Half-year convention Automobile Tax terms Internal Revenue Code Nuclear power plant Cattle Truck Water treatment Natural gas Radio Real property Iowa Tax Reform Act of 1986 Cotton gin Depreciation Television Thermal power station Internal Revenue Service Railroad car Tangible property Tax deductions Grain mill Petroleum refining dbr:Personal_class
Link from a Wikipage to an external page	https://www.irs.gov/pub/irs-pdf/p946.pdf https://web.archive.org/web/20110807055841/http:/laws-lois.justice.gc.ca/eng/acts/I-3.3/index.html https://www.irs.gov/pub/irs-pdf/p946.pdf%7Ctitle
sameAs	MACRS MACRS MACRS
dbp:wikiPageUsesTemplate	dbt:Cite_web dbt:Reflist dbt:Sfn dbt:Short_description dbt:UStaxation dbt:Harvid
has abstract	The Modified Accelerated Cost Recovery System (MACRS) is the current tax depreciation system in the United States. Under this system, the capitalized cost (basis) of tangible property is recovered over a specified life by annual deductions for depreciation. The lives are specified broadly in the Internal Revenue Code. The Internal Revenue Service (IRS) publishes detailed tables of lives by classes of assets. The deduction for depreciation is computed under one of two methods (declining balance switching to straight line or straight line) at the election of the taxpayer, with limitations. See IRS Publication 946 for a 120-page guide to MACRS. (en)
gold:hypernym	System
prov:wasDerivedFrom	wikipedia-en:MACRS?oldid=1076912336&ns=0
page length (characters) of wiki page	20861 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:MACRS
is Link from a Wikipage to another Wikipage of	Capital Cost Allowance Engineering economics List of energy abbreviations Decoupling modification Depreciation Macrs Corporate tax Corporate tax in the United States Heavy equipment Alternative minimum tax ACRS Bonus depreciation Cost segregation study Accelerated depreciation Income tax in the United States Modified Accelerated Cost Recovery System Section 179 depreciation deduction
is Wikipage redirect of	Decoupling modification Macrs Bonus depreciation Modified Accelerated Cost Recovery System
is Wikipage disambiguates of	ACRS
is foaf:primaryTopic of	wikipedia-en:MACRS

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