What is the recovery period under macrs depreciation?

Under the Modified Accelerated Cost Recovery System (MACRS) depreciation, the recovery period is the time frame over which an asset's cost is depreciated for tax purposes. Recovery periods vary depending on the type of asset; common periods include 3, 5, 7, 10, 15, and 39 years. The IRS assigns these categories based on the asset's expected lifespan and usage. For example, residential rental property has a recovery period of 27.5 years, while non-residential real property is 39 years.