Compare the recovery periods used by MACRS and those used under generally accepted accounting principles (GAAP). Refer to IRS Publication 946 to determine MACRS recovery periods. Use a type of asset as an example to compare MACRS to GAAP depreciation (i.e., such as a truck or building0. In your post, discuss why the distinction between MACRS and GAAP depreciation recovery periods is important. Participate in a follow-up discussion by reviewing classmates posts and providing at least one reason the informat