- Accelerated Cost Recovery System - ACRS
- A system of depreciation introduced by the Economic Recovery Tax Act of 1981. ACRS depreciation is based on recovery periods instead of useful life. These periods were predetermined by the IRS.
The modified accelerated cost recovery system (MACRS) replaced ACRS for property placed into service after 1986.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
accelerated cost recovery system — In the USA, a system of depreciation designed to encourage capital investment by businesses. It permits a quicker recovery of an asset s cost to provide higher tax benefits in the earlier years of its use. A higher depreciation charge is made to… … Accounting dictionary
Modified Accelerated Cost Recovery System - MACRS — The new accelerated cost recovery system, created after the release of the Tax Reform Act of 1986, which allows for greater accelerated depreciation over longer time periods. Faster acceleration allows individuals to deduct greater amounts during … Investment dictionary
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