MACRS financial definition of MACRS. MACRS finance term by the Free Online Dictionary.

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Modified Accelerated Cost Recovery System (MACRS)

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

An accounting technique used in the United States to tax a tangible asset based upon its estimated depreciation. The estimated depreciation bears only a rough relationship to an asset's actual life, and is designed to decrease the taxation in the early years of an asset's ownership. The Modified Accelerated Cost Recovery System replaced the Accelerated Cost Recovery System in 1986, and increased the deductions an owner is allowed to take in the early years of ownership. See also: Absolute Physical Life.

MACRS

See Modified Accelerated Cost Recovery System.

Modified Accelerated Cost Recovery System (MACRS)

MACRS is the depreciation system used for most property placed in service after December 31, 1986. But ACRS (see Accelerated Cost Recovery System) must be used for certain property acquired from a related party if that property was used by the related party before 1987.

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accelerated cost recovery system ACRS Anti-Churning Rules asset depreciation range cost recovery General Depreciation System General Straight-Line Depreciation System Midpoint Class Life Modified Accelerated Cost Recovery System Recovery Period Recovery Property	Extension Property The Housing Act allows taxpayers to elect to accelerate AMT and research credits instead of taking bonus depreciation for new property that is (1) depreciable under a modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or less, (2) MACRS water utility property, (3) off-the-shelf computer software depreciable over three years, or (4) qualified leasehold improvement property. Electing to accelerate AMT and research credits in lieu of bonus ... by Chang, Anne / The Tax Adviser The Treasury has issued final regulations (Treasury Decision 9314) explaining how to depreciate modified accelerated cost recovery system (MACRS) property that has been acquired in a section 1031 like-kind exchange or through a section 1033 involuntary conversion when both the acquired and relinquished property are subject to MACRS in the hands of the acquiring taxpayer. Depreciate property in like-kind exchanges consistently: ... by Stevens, Michael G. / Journal of Accountancy Typically, it will take years using MACRS deductions to recoup the cost of business equipment placed in service in 2006. Section 179: the secret weapon of depreciation by Feinberg, Steven / New Hampshire Business Review	LVL Lwei LY Lyapunov Exponents LYD LYON M M&IE M-1, M-2 and M-3 M1 M2 M3 MA Ma Bell MAB Macanese Pataca Macaroni Defense Macaulay duration Macedonian Denar Macro Macro Country Risk Macro Country Risks Macroassessment Macroeconomia Macroeconomics MACRS MAD Mad Hatter Made-to-Measure Tariff Madison Avenue Madrid Stock Exchange MAF Mag Mag Track Maggie Mae Maghreb Permanent Consultative Committee Maghreb States Magic of diversification Magnata magnet store Magnuson-Moss Warranty Act Magnusson-Moss Act MAI maid's quarters Mail Delay Mail Float mailbox rule Mailer's Technical Advisory Committee Mailing Date Mailroom Main d'oeuvre non qualifiee	Macrotone Macrotous Macrotrachelus macrotus Macrotus californicus Macrotyloma Macrotyloma uniflorum Macroura Macrourid Macrourid Macrouridae Macrouridae Macrovascular disease Macrovascular disease Macrovascular disease Macrovascular disease Macroveliidae Macrovipera lebetina Macrovirus macrozamia macrozamia Macrozamia communis Macrozamia spiralis macrozamin Macrozoarces Macrozoarces americanus Macrozoospore MACRP MACRP-NC MACRPC MACRS MACRT MACRUC Macrura Macrura Macrural Macruran Macruran Macruridae Macruroid Macrurous Macrurous MACRV MACS MACS MACS MACS Macs of Marin Macs Symbolic Manipulation MACS-D MACSA MACSAC MACSAT MACSB MacsBug MACSC MACSD MACSEM MACSI MACSIMS MACSIS

Extension Property The Housing Act allows taxpayers to elect to accelerate AMT and research credits instead of taking bonus depreciation for new property that is (1) depreciable under a modified accelerated cost recovery system (MACRS) with a recovery period of 20 years or less, (2) MACRS water utility property, (3) off-the-shelf computer software depreciable over three years, or (4) qualified leasehold improvement property.

Electing to accelerate AMT and research credits in lieu of bonus ... by Chang, Anne / The Tax Adviser

The Treasury has issued final regulations (Treasury Decision 9314) explaining how to depreciate modified accelerated cost recovery system (MACRS) property that has been acquired in a section 1031 like-kind exchange or through a section 1033 involuntary conversion when both the acquired and relinquished property are subject to MACRS in the hands of the acquiring taxpayer.

Depreciate property in like-kind exchanges consistently: ... by Stevens, Michael G. / Journal of Accountancy

Typically, it will take years using MACRS deductions to recoup the cost of business equipment placed in service in 2006.

Section 179: the secret weapon of depreciation by Feinberg, Steven / New Hampshire Business Review

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