recovery period definition
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.