Definition of "MACRS"
  1. Modified accelerated cost recovery system: a depreciation method, set by the Internal Revenue Code, that enables swift deduction of depreciation from tax
How to use "MACRS" in a sentence
  1. The company utilized MACRS for calculating their equipment depreciation.
  2. With MACRS, businesses can claim larger tax deductions within the initial years of an asset's lifetime.
  3. The Internal Revenue Code allows MACRS for rapid tax deduction on depreciation.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z