Frank Roessler is a real estate investor who currently serves as the managing principal and founder of Ashcroft Capital, a real estate investment firm in Westwood, California. A graduate of Bucknell University and UCLA Anderson School of Management, Frank Roessler is responsible for all areas of operations at Ashcroft, including leading the firm's focus on multifamily residential rental property investments.

1. The Modified Accelerated Cost
Recovery System
Frank Roessler

2. Introduction
• Frank Roessler is a real estate investor who currently serves as the managing principal and
founder of Ashcroft Capital, a real estate investment firm in Westwood, California. A
graduate of Bucknell University and UCLA Anderson School of Management, Frank
Roessler is responsible for all areas of operations at Ashcroft, including leading the firm's
focus on multifamily residential rental property investments.
Residential rental property is a form of real estate that is typically used as an investment
and a means to generate passive income. To be classified as residential rental real estate by
the Internal Revenue Service, a property must generate over 80 percent of its total income
from dwelling units or apartments. Depreciation, which is the decrease in the value of an
asset over time, is commonly claimed by owners of investment properties for tax purposes.
Accounting for depreciation is a practice that allows tax deductions under IRS rules.
Residential rental property uses the 27.5 year modified accelerated cost recovery system
(MACRS) schedule for depreciation. MACRS, created by the Tax Reform Act of 1986, allows
accelerated depreciation over longer time frames. This form of depreciation enables
deductions to be more heavily weighted during the early years of asset ownership and lower
deductions to be taken as the asset ages.