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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.
Associated with each property class is a recovery period in 12 month intervals (years). The first actual recovery period of an asset is determined by when the asset is placed in service along with the particular convention being used.Here is an example of an asset that is considered 7-year property with a 7-year recovery period.ssociated with each property class is a recovery period in 12 month intervals (years). The first actual recovery period of an asset is determined by when the asset is placed in service along with the particular convention being used.