Related topics

Alternative Depreciation System (ADS)

IRS Table: Alphabetical Listing of Commonly Used Assets

Property Categorized by the Type of Business

Property Categorized by the Type of Manufacturing Industry

General Depreciation System (GDS)

The Modified Accelerated Cost Recovery System (MACRS) applies to property placed in service after 1986. You can use the IRS table to determine the correct MACRS recovery period for depreciable property. The GDS recovery periods listed in this table reflect each asset's General Depreciation System (GDS) life.