Babylon 10
The world's best online dictionary

Download it's free

Definition of Macrs class life

Macrs class life Definition from Business & Finance Dictionaries & Glossaries
Leasing
The specific tax cost recovery (depreciation) period for a class of assets as defined by (Modified Accelerated Cost Recovery System (MACRS.) Asset class lives (ADR midpoint lives) are used to determine an asset's MACRS classlife and- hence- its recovery period.