The MACRS recovery period for computers and peripheral equipment, cars, and light general-purpose trucks is

Question

The MACRS recovery period for computers and peripheral equipment, cars, and light general-purpose trucks is?

Answer (Expert Verified)

Computers and peripheral equipment, cars, and light general-purpose trucks have a MACRS recovery period of five (5) years.

What is MACRS?

MACRS is an acronym for modified accelerated cost recovery system and it can be defined as a depreciation system that avails business owners or firms the ability and opportunity to recover (recoup) the cost basis of physical assets that have experienced deterioration over a specific period of time.

In the United States of America, the modified accelerated cost recovery system (MACRS) is typically used for tax purposes because it gives room for faster depreciation of a physical asset in its first years and it reduces depreciation as it is being used over a long period of time.

In conclusion, computers and peripheral equipment, cars, and light general-purpose trucks have a MACRS recovery period of five (5) years.

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