Cost Recovery Period

The number of years it takes to fully depreciate a capital asset. This time period is based on classification of the depreciable life of an asset.

Cost Recovery Period

The amount of time that it takes for an asset to depreciate from its purchase price to its salvage value. In other words, the cost recovery period is an amount of time equal to the useful life of the asset. Very often, the IRS assigns a cost recovery period for different assets to head off disputes before they begin. See also: Modified Accelerated Cost Recovery System.

单词	cost recovery period
释义	Cost Recovery Period Cost Recovery Period The number of years it takes to fully depreciate a capital asset. This time period is based on classification of the depreciable life of an asset. Cost Recovery Period The amount of time that it takes for an asset to depreciate from its purchase price to its salvage value. In other words, the cost recovery period is an amount of time equal to the useful life of the asset. Very often, the IRS assigns a cost recovery period for different assets to head off disputes before they begin. See also: Modified Accelerated Cost Recovery System.
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