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Home        Knowledge Base        Financial Glossary        Accelerated Cost Recovery System - ACRS

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Accelerated Cost Recovery System - ACRS

Search definitions        Search   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. Posted by  Super Elite Listing     Back     Print     Email

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