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Method 4: Modified Accelerated Capital Recovery System (MACRS)

MACRS was created in 1986 and prescribed by the IRS

MACRS is now the principal method for computing depreciation.

MACRS assigns a class (tax life) to various kinds of property. (Useful life estimates are no longer relevant.)

Most tangible personal property fall in one of the six categories:

3-, 5-, 7-, 10-, 15-, 20-year classes

Rental property is assigned a 27.5-year tax life

Nonresidential real property is assigned a 31.5-year tax life)

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