The modified accelerated cost recovery system (MACRS) replaced ACRS for property placed into service after 1986.
Investment dictionary. Academic. 2012.
accelerated cost recovery system — Accelerated Cost Recovery Sys·tem n: a method of calculating depreciation introduced in the Economic Recovery Tax Act of 1981 that results in faster recovery of costs for property put into service after 1980 by assigning it a shorter useful life… … Law dictionary
accelerated cost recovery system — ACRS Schedule of depreciation rates allowed for tax purposes. Bloomberg Financial Dictionary * * * accelerated cost recovery system accelerated cost recovery system ➔ system … Financial and business terms
Accelerated cost recovery system (ACRS) — Schedule of depreciation rates allowed for tax purposes. The New York Times Financial Glossary … Financial and business terms
Modified Accelerated Cost Recovery System — (MACRS) See Asset Depreciation Range (ADR); Accelerated Cost Recovery System (ACRS) … Black's law dictionary
Modified Accelerated Cost Recovery System — (MACRS) See Asset Depreciation Range (ADR); Accelerated Cost Recovery System (ACRS) … Black's law dictionary
Accelerated Cost Recovery System — (ACRS) An accounting method whereby the cost of a fixed asset is written off for tax purposes over a prescribed period of time. Instituted by the Economic Recovery Tax Act of 1981, and modified by Tax Reform Act of 1986, the system places assets… … Black's law dictionary
Accelerated Cost Recovery System — (ACRS) An accounting method whereby the cost of a fixed asset is written off for tax purposes over a prescribed period of time. Instituted by the Economic Recovery Tax Act of 1981, and modified by Tax Reform Act of 1986, the system places assets… … Black's law dictionary
ACRS — can refer to:* Accelerated Cost Recovery System (ACRS) is a historical accounting practice described along with the Modified Accelerated Cost Recovery System (MACRS) * An Air Cushion Restraint System (ACRS), Airbag * Aluminium Conductor Steel… … Wikipedia
Recovery Property — A specific class of depreciable real estate. Recovery property describes tangible depreciable property placed in service between 1980 1987, and is eligible for Accelerated Cost Recovery System (ACRS) treatment. The ACRS election was allowed on a… … Investment dictionary
ACRS — See: accelerated cost recovery system * * * ACRS ACRS abbreviation for accelerated cost recovery system … Financial and business terms
