It estimates that the salvage value will be $2,000 and the asset's useful life, five years. The depreciation expense per year would be $4,600. ($25,000 - $2,000)/5 = $4,600 The accumulated ...

The MACRS depreciation schedule is what the IRS uses, and it includes all categories of business equipment. For example, on the MACRS table, trucks and heavy equipment typically carry a five-year ...

Here are some examples on both end of the depreciation spectrum. Vehicles lose 20% of their value in the first year of ownership, and retain just 40% of their original value after five years.