Unformatted text preview: blished for the first time, mandatory Mandatory minimum lives based on categories of assets
New mandatory most rapid methods (slower methods could be elected)
Mandatory zero salvage value. –
– Numerous adjustments occurred over the few years that ACRS applied—19811986. MACRS—After 1986
Part of the Tax Reform Act of 1986.
MACRS replaces ACRS—generally longer lives, slower methods. Retains zero salvage.
Mandatory for all depreciable tangible property unless the life is stated in term other than time (e.g., units of production, machine hours) MAC...
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