Depreciation: MACRS and ACRS (Portfolio 531)

James E. Maule
Product Code: TPOR40   Edition Code: TMU531


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Description Table of Contents Authors

Depreciation: MACRS and ACRS,  written by James Edward Maule, Esq., Professor of Law at Villanova University School of Law, is a basic reference tool for determining the depreciation deduction under both the modified accelerated cost recovery system (MACRS) and the original accelerated cost recovery system (ACRS) of §168. Although MACRS and ACRS are similar in many respects, there are substantial differences between them.  

This Portfolio provides ACRS Differences descriptions in connection with each issue with respect to which there is a difference. MACRS applies generally to property placed in service after 1986. ACRS applies generally to property placed in service in 1981 through 1986.  

Topics covered include effective dates and the anti-churning rules, eligible property, basis, classification of property, computation of the deduction (including the use of statutory or IRS-created tables), and limitations and special rules affecting the availability or amount of the deduction. 

Under both MACRS and ACRS, certain recovery periods (analogous to depreciable lives under the pre-ACRS depreciation system of §167) are prescribed and salvage value is ignored. The deduction can generally be computed by simply applying a factor from a statutory or IRS-provided table. More complex computations may be required, however, in many circumstances.  These circumstances and the required computations are described in this Portfolio.  

The Worksheets feature tables for computing depreciation under both MACRS and ACRS, as well as relevant legislative history and Joint Committee explanations. 

Depreciation: MACRS and ACRS allows you to benefit from:

  • Hundreds of hours of original research on specific tax planning topics from leading practitioners in this area
  • Invaluable practice documents including tables, charts and lists
  • Plain-English guidance from world-class experts
  • Real-world and in-depth analysis that lets you explore various options
  • Time-saving access to relevant sections of tax laws, regulations, court cases, IRS documents and more
  • Alternative approaches to both common and unique tax scenarios

This Portfolio is part of the U.S. Income Portfolios Library, a comprehensive series that includes more than 200 Portfolios, which cover every federal tax topic with expert, in-depth analysis, and offer commentary on a wide range of federal taxation topics, including Compensation Planning, Deductions and Credits, Partnerships and Corporations, Special Pass-Through Entities, Corporate Reorganizations, Real Estate, Procedure and Administration, and more.



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