Modified accelerated cost recovery (MACRS) definitionQuestion What is modified accelerated cost recovery system?
Answer Modified accelerated cost recovery system is a depreciation system that went into effect for tangible property placed in service after 1986.
It's composed of two systems: a basic system, called the General Depreciation System (GDS), and an alternate system, called the Alternative Depreciation System (ADS). 
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Author of J.K. Lasser's Small Business Taxes 2007
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