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MAT A.1COLLECTION DEVELOPMENT POLICYForsyth County Public Library Mission Statement Connecting our community to reading, information and lifelong learning. OBJECTIVE The Forsyth County Public Library
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MAT A stands for Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes.
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The purpose of MAT A is to allow businesses to accelerate the depreciation of their assets for tax purposes, reducing their taxable income.
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MAT A requires businesses to report the description of the asset, its cost, date placed in service, depreciation method used, recovery period, and depreciation percentage.
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