The Modified Accelerated Cost Recovery system (MACRS)can be used to calculate depreciation for company's annual report,but not for its Federal tax return.

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MACRS is a system established by the IRS for determining the depreciation deduction for tax purposes. Therefore, it is used for the company's Federal tax return, but not necessarily for its annual report which may use other methods such as straight-line depreciation.

The Modified Accelerated Cost Recovery System (MACRS)can Be Used to Calculate