Introduction to MACRS Tax Depreciation

Let's review MACRS depreciation which is a federal tax deduction for certain types of property that are purchased for use in an active trade or business. Watch Full Tax Depreciation Video ➡️ • Introduction to Accele...
Watch more Tax Accounting Videos ➡️ • Tax Topics (United Sta...
Supporting Details
✅ MACRS (Modified Accelerated Cost Recovery System): all assets are divided into classes which dictate the number of years over which an asset's cost will be recovered (depreciated)
👉 Example of Straight Line Depreciation versus Tax Depreciation: • Depreciation and Amort...
====================================
I post daily accounting and finance quizzes here: / @patrickbraycpa
====================================
#depreciation #accountingtax #accounting #patrickbraycpa #taxaccounting #depreciationaccounting #savetaxmoney #MACRS #accountingdifferences #taxaccounting #irs #tax #IRSaccounting

[@LifeisBuutiful]

👌👌pub 946 is my fav one !!