Depreciation Calculator

MACRS Depreciation Calculator

for illustrative purposes only

  1. Enter the name of your asset
  2. Enter the real property acquisition cost
  3. Enter the percentage the asset is used for business purposes
  4. Select the cost recovery period from the list based on the asset’s MACRS classification
  5. Select the applicable depreciation method and convention
  6. Select the month and year the asset was placed into service
  7. Enter the year you want to calculate depreciation expenses for
  8. Select whether or not you would like a depreciation schedule included in the results
  9. Click the “Calculate MACRS Depreciation” button to generate your schedule

CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting marketing or recommending to another party any transaction or matter addressed herein.