Modified Accelerated Cost Recovery System. A 1986 act that set out rules for the depreciation of qualifying assets, allowing for greater acceleration over longer periods of time.

Modified Accelerated Cost Recovery System. The depreciation method generally used since 1986 for writing off the value of depreciable property other than real estate, over time. MACRS allows you to write off the cost of assets faster than the straight-line depreciation method.

Modified Accelerated Cost Recovery System. A method of depreciation, introduced by the Tax Reform Act of 1986, used for most property today.

see Modified Accelerated Cost Recovery System.

Modified Accelerated Cost Recovery System. "A mandatory system of depreciation for income tax purposes, enacted by Congress in 1986, that requires a cost recovery allowance to be computed (1) on the unadjusted cost of property being recovered, and (2) over a period of years prescribed by the law for all property of similar types."

Modified Accelerated Cost Recovery System. Modigliani and Miller Proposition I Momentum

Modified Accelerated Cost Recovery System. MACRS provides a uniform method for all taxpayers to use to calculate the depreciation for each asset. Using the basis, class life, and the MACRS tables, you can calculate the deduction for each asset in the year it is placed in service and each subsequent year of its class life.

Modified Accelerated Cost Recovery System. An IRS system used to calculate the amount of annual depreciation allowable for income tax purposes on depreciable assets, including depreciable realty (buildings, improvements, and other structures permanently attached to the land) and personalty (any tangible asset not part of a building or other permanent structure (used in a trade, business, or income-producing activity.

The current method of tax depreciation introduced by the Tax Reform Act of 1986 and effective for equipment placed in service after 1986.

Modified Accelerated Cost Recovery System. The standard system for calculating depreciation deductions for most tangible personal property placed in service after 1986. The system for calculating depreciation deductions for most tangible personal property placed in service before 1987 is the Accelerated Cost Recovery System (ACRS). Also see ‘Deduct” and “Depreciation.

Modified Accelerated Cost Recovery System. A method of calculating tax depreciation (used as tax deductions) introduced by the Tax Reform Act of 1986 and applicable to most equipment placed in service after 1986. It replaces the older ACRS depreciation schedule. MACRS depreciation begins as double declining balance and then switches to straight line method.

Modified Accelerated Cost Recovery System. The system for computing depreciation for most business assets.

MODIFIED ACCELERATED COST RECOVERY SYSTEM. The current tax depreciation system as introduced by the Tax Reform Act of 1986, effective for equipment placed in service after December 31, 1986.

Modified Accelerated Cost Recovery Systems. The current system used for federal income tax calculations of depreciation, which has been in effect since 1986.

Modified Accelerated Cost Recovery System. See: Accelerated Cost Recovery System.

Modified Accelerated Cost Recovery System. A modified version of the ACRS depreciation system used for assets acquired after 1986. This system is less favorable for businesses and stretches out the number of years during which business assets can be depreciated.

IRS regulations that allocate the cost of an asset according to predefined recovery periods and percentages.

The Modified Accelerated Cost Recovery System (MACRS) is the current method of accelerated asset depreciation required by the United States income tax code. Under MACRS, all assets are divided into classes which dictate the number of years over which an asset's cost will be recovered.