| Asset Description (Summary of Rev. Proc. 87-56) | Recovery Period |
| Cars, light general-purpose trucks, and computers and peripheral equipment | 5 years |
| Office furniture, fixtures, and equipment | 7 years |
| Residential real property | 27.5 years |
| Nonresidential property placed in service on or after May 13, 1993 | 39 years |
Section 179:
$1,020,000 in 2019
Phaseout: $2,550,000 – $3,570,000
Business automobile mileage rate (2019): 58 cents
TABLE 1: MACRS Half-Year Convention
TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter.
TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter.
TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter.
TABLE 2d MACRS Mid-Quarter Convention: For property placed in service during the fourth quarter.
TABLE 3 Residential Rental Property Mid-Month Convention Straight Line—27.5 years
TABLE 5 Nonresidential Rental Property Mid-Month Convention Straight Line—39 years
Automobile Limits:
Bonus Depreciation Percentages:
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