The cost recovery method for all personal property under MACRS is 200% declining balance.

Question

Quizplus · Accepted Answer

The cost recovery method for personal property under MACRS is not 200% declining balance. There are several methods that can be used, including the 200% declining balance method, the 150% declining balance method, and the straight line method. The specific method used depends on the class of property and its recovery period.

The Cost Recovery Method for All Personal Property Under MACRS