Depreciation Guru

Depreciation Experts Since 1991

In 1986, assets of different classes were given associated class lives.  These class lives are formatted into tables that are viewable on the IRS website under Publication 946.  Using these class life tables can be confusing to many.  Such confusion may occur because the tables are lengthy, some assets have no class life with assigned [...]

Determining the correct monthly depreciation amounts for an asset requires the correct usage of recovery periods.  Under MARCS, assets are assigned to a property class such as 3 year, 5 year, 7 year, nonresidential real property, etc.  Associated with each property class is a recovery period in 12 month intervals (years).
The first actual recovery period [...]