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IRS Table: Alphabetical Listing of Commonly Used Assets

MACRS: IRS Table

ADS Life Field

IRS Table Link

The IRS Table link in Asset Detail provides an easy-to-access method for determining an asset’s MACRS GDS or ADS life for the Tax book.

Select the link to display the IRS ADR Class Life Table, per Revenue Procedure 87-56, which we have reformatted and alphabetized for ease of use. You can navigate to three different tables:

  • Commonly used assets.
  • Assets used in manufacturing, alphabetized by end product. (For example, assets used to manufacture photographic equipment are listed under "P" in this table.)
  • Assets used in specialized businesses. (For example, assets used in recreational services are listed under "R" in this table.)

By locating an asset in the appropriate table and entering both its MACRS GDS and ADS life, the system will default the correct lives into both the AMT and ACE books as needed.