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Modified Accelerated Cost Recovery System is an Internal Revenue Service method of depreciation under the 1986 Tax Code. It is used to calculate depreciation for tax purposes at a similar rate to that used in business under the Double Declining Balance Method.

Bookkeeping – Depreciation Schedules (Lesson 51)


When a small business purchases fixed assets two financially based opposing forces come into play.  The first is the financial reporting desire to present information in a fair manner so management can make good financial decisions.  The opposing [...]

Accelerated Depreciation – An Explanation


When it comes to depreciation, no two businesses are alike. Unlike traditional straight line depreciation where the asset value is cost out to depreciation expense in equal increments over a given life expectancy, accelerated depreciation expenses [...]