This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at

Modified Accelerated Cost Recovery System (MACRS)

Depreciation by IRS schedule according to the type of asset; ach MACRS class has a predetermined schedule used to determine the percentage of the asset’s cost to be written off each year.

Do you need an answer immediately?

Check out our FAQ page!