The Modified Accelerated Cost Recovery System (MACRS) depreciation percentages for 7-year personal property are as follows:
| Recovery Year | 7-Year Property |
|---|---|
| 1 | 14.29% |
| 2 | 24.49% |
| 3 | 17.49% |
| 4 | 12.49% |
| 5 | 8.93% |
| 6 | 8.92% |
| 7 | 8.93% |
| 8 | 4.46% |
These percentages are used to calculate the depreciation expense for 7-year personal property under the MACRS system. The percentages are applied to the cost basis of the property to determine the annual depreciation deduction.