Recovery Period(redirected from Recovery Periods)
The period during which a company depreciates an asset. That is, the recovery period is that during which a company is able to write off a portion of an asset's value each year until the end of that asset's useful life. The length of the recovery period varies from asset to asset, and is often set by the IRS. It often bears only a rough relationship to the time during which the asset can actually be used. See also: MACRS.
The stipulated period during which a company fully depreciates an asset. Recovery periods for various kinds of assets are established by the government and often bear only a loose relationship to the profitable life of an asset.
The period of years over which the cost of business assets is written off under ACRS or MACRS.