[Verse 1]
When you buy a business asset, don't write it off today
MACRS is the system that will show you depreciation's way
Property classes three through twenty, each one has its time
Conventions tell you when to start, half-year keeps you in line
[Chorus]
MACRS makes it clear, property classes here
Three five seven years, or longer if you peer
One-seventy-nine lets you expense it all
But there's a limit, don't let your deduction fall
Bonus depreciation, one hundred percent through twenty-two
Then it phases down each year, eighty sixty forty twenty too
[Verse 2]
Section one-seventy-nine expensing, over one million now
But when your purchases get big, the phase-out starts somehow
Two-seven million threshold, dollar for dollar it retreats
Listed property and luxury cars have their own special beats
[Chorus]
MACRS makes it clear, property classes here
Three five seven years, or longer if you peer
One-seventy-nine lets you expense it all
But there's a limit, don't let your deduction fall
Bonus depreciation, one hundred percent through twenty-two
Then it phases down each year, eighty sixty forty twenty too
[Bridge]
Intangibles under section one-nine-seven
Fifteen years to write them off, that's depreciation heaven
Real estate has special rules, don't let them slip away
Twenty-seven and a half for homes where people stay
Thirty-nine for offices and buildings where we work
Straight-line method only, no accelerated quirk
[Verse 3]
Luxury automobiles have caps on what you claim
Listed property needs business use to play depreciation's game
Mid-quarter convention kicks in when fourth quarter's forty percent
These rules work together for the way your tax is spent
[Chorus]
MACRS makes it clear, property classes here
Three five seven years, or longer if you peer
One-seventy-nine lets you expense it all
But there's a limit, don't let your deduction fall
Bonus depreciation, one hundred percent through twenty-two
Then it phases down each year, eighty sixty forty twenty too
[Outro]
From computers to buildings, every asset finds its place
Depreciation and cost recovery, learn them at your pace