Accelerated Cost Recovery System - ACRS

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. . 2012.

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