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That is, the recovery period is that during which a company is able to write off a portion of an asset's value each year until the end of that asset's useful life.The length of the recovery period varies from asset to asset, and is often set by the IRS.It often bears only a rough relationship to the time during which the asset can actually be used. See also: MACRS.he length of the recovery period varies from asset to asset, and is often set by the IRS. It often bears only a rough relationship to the time during which the asset can actually be used. See also: MACRS.
Recovery period is the statutory life or the period over which a taxpayer will allocate the depreciation expense. Profitable taxpayers prefer the recovery period to be as short as possible so that they may recoup the basis as quickly as possible. The method is generally the double-declining (200% DB) method. However, taxpayers may elect to use either the 150% DB method (useful if they are subject to AMT, to avoid calculating both regular and AMT depreciation) or straight-line method (to lengthen depreciation expense for taxpayers in an expiring NOL situation).