MACRS

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Glossary: Bonus Depreciation

By | May 24th, 2017|Categories: Glossary, Small Business Tax and Accounting|Tags: , , |

Bonus depreciation, in tax terms, refers to an accelerated form of depreciation available on certain types of assets.

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Glossary: MACRS

By | October 6th, 2015|Categories: Glossary|Tags: , , |

MACRS refers to "modified accelerated cost recovery system," which is the default depreciation method used for tax purposes.