Modified Accelerated Cost Recovery System (MACRS) Definition
Shamsa Rafique Modified Accelerated Cost Recovery System (MACRS) Definition: A method of depreciation required for income tax purposes that depends on which of nine property classes an asset belongs.
Half-Year Convention Definition
Sana Ahmed Half-Year Convention Definition: A requirement under the Modified Accelerated Cost Recovery System (MACRS) that allows a company to take only a half year's depreciation in the first and last years…