MACRS
01.Core Concepts
Real Estate: Straight Line • Residential: 27.5 years • Commercial: 39 years • Land: not depreciable Personalty: Accelerated • Double Declining Balance * • 3 year • 5 year • 7 year • 10 year • 150% Declining Balance * • 15 year • 20 year *Switches to Straight Line (SL) when SL generates higher deduction