Based on a five year MACRS depreciation schedule, depreciation will occur over a ____ period.

A) 6 year period
B) 5 year period
C) 4.5 year period
D) 7 year period

MACRS Depreciation

The Modified Accelerated Cost Recovery System, a method of depreciation used for tax purposes in the United States that allows for accelerated depreciation over the asset's life.

Depreciation Schedule

A table that shows the reduction in value of a company's assets over time.