What is MACRS depreciation?
MACRS depreciation (Modified Accelerated Cost Recovery System) is the primary tax depreciation method used in the United States for recovering the cost of business assets over specific recovery periods established by the IRS. This system assigns assets to property classes with predetermined useful lives, typically ranging from three to 39 years, depending on asset type. Cryptocurrency mining equipment generally qualifies for five-year property classification, enabling front-loaded Depreciation and amortization benefits through accelerated schedules that increase deductions in early ownership years while reducing them in later periods.
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