QuickBooks Dictionary
Straight-line MACRS election
A taxpayer may elect, under MACRS, to claim straight-line MACRS deductions instead of the regular MACRS allowance. The recovery periods under the straight-line election include the regular recovery period and longer recovery periods. The straight-line MACRS deductions are computed in much the same manner as the deductions under the general rules, except that salvage value is not taken into account.