MACRS stands for “Modified Accelerated Cost Recovery System.” It is the primary depreciation methods for claiming a tax deduction. In this article, we will cover the following: How MACRS depreciation works How to calculate MACRS depreciation How to report MACRS depreciation for tax purposes Records you should keep for tax purposes If you’d like to…

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Source: http://fitsmallbusiness.com/macrs-depreciation-calculator/

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