MACRS
First of all let us understand MACRS method .MACRS stands for modified accelerated cost recovery system. It is the current system allowed in the United States to calculate tax deductions on account of depreciation for depreciable assets (other than intangible assets). IRS Form 4562 is used to claim depreciation deduction.
Let us prepare Sshedule for MARCS Method
| Year | Beginning Book Value | MARCS Depreciation Rate | Depriciation | Ending Book Value |
| 1 | 968000 | 14.29% | $138,327 | $829,673 |
| 2 | 829672.8 | 24.49% | $237,063 | $592,610 |
| 3 | 592609.6 | 17.49% | $169,303 | $423,306 |
| 4 | 423306.4 | 12.49% | $120,903 | $302,403 |
| 5 | 302403.2 | 8.93% | $86,442 | $215,961 |
| 6 | 215960.8 | 8.92% | $86,346 | $129,615 |
| 7 | 129615.2 | 8.93% | $86,442 | $43,173 |
| 8 | 43172.8 | 4.46% | $43,173 | $0 |
