MACRS Depreciation for Solar: One Major Tax Benefit of Installing Solar
What is MACRS Depreciation? MACRS, or Modified Accelerated Cost Recovery System, Depreciation is the current tax depreciation system in which the capitalized cost of tangible property is recovered over a specific life by annual deductions for depreciation. MACRS allows firms to recover the costs of capital investment faster than the straight line approach. However, salvage […]
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