What is MACRS depreciation?

Most long-term assets you use in your business must be depreciated using the MACRS depreciation method—at least on your tax return.

Find out more about Business Accounting with LZ Books

Janet Berry-Johnson

by Janet Berry-Johnson

A freelance writer with a background in accounting and income tax planning and preparation for individuals and small ...

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Updated on: April 11, 2023 · 4 min read


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This article is for informational purposes. This content is not legal advice, it is the expression of the author and has not been evaluated by LegalZoom for accuracy or changes in the law.

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