Aircraft that are used in a trade or business or for the production of income, primarily operated domestically, and not used in common or contract carriage may be depreciated over a five year Modified Accelerated Cost Recovery System (MACRS) schedule. Aircraft used in common or contract carriage (e.g., Part 135) are depreciable under seven-year MACRS.
Following is the MACRS schedule for Part 91:
Year | Percentage Deduction | |
1 | 20.00% | |
2 | 32.00% | |
3 | 19.20% | |
4 | 11.52% | |
5 | 11.52% | |
6 | 5.76% |
Following is the MACRS schedule for Part 135:
Year | Percentage Deduction | |
1 | 14.29% | |
2 | 24.49% | |
3 | 17.49% | |
4 | 12.49% | |
5 | 8.93% | |
6 | 8.92% | |
7 | 8.93% | |
8 | 4.46% |