Under MACRS, your first year's depreciation deduction is 35 percent of the auto's cost, which is $17,500. However, under Revenue Procedure 2013-21, you can only take a maximum depreciation of $11,160.

The Modified Accelerated Cost Recovery System The IRS requires that landlords use the Modified Accelerated Cost Recovery System (MACRS) to calculate depreciation for residential rental properties.

Real estate depreciation on rental property can lower your taxable income, but determining it can be complex. Find out how it ...

The method selected to calculate depreciation expense depends on its intended use. The methods chosen for financial reports are selected to enhance the company's performance.

The Modified Accelerated Cost Recovery System (MACRS) is the depreciation system currently used by the IRS, and allows depreciation to be calculated by either the straight-line method or the ...

Depreciation helps companies account for the declining worth of their assets. Learn about the different types of depreciation and how to calculate it.

Accelerated depreciation allows businesses to write off the cost of an asset more quickly than the traditional straight-line method. This can provide asset owners with potentially valuable tax ...

The Modified Accelerated Cost Recovery System (MACRS) is the depreciation system currently used by the IRS, and allows depreciation to be calculated by either the straight-line method or the ...

Depreciation helps companies account for the declining worth of their assets. Learn about the different types of depreciation and how to calculate it.

As for the residence itself, the IRS requires you to calculate depreciation over its 27.5 useful years using a different method called the modified accelerated cost recovery system.