Accelerated Cost Recovery System - ACRS

What Does Accelerated Cost Recovery System - ACRS Mean?
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.

Investopedia explains Accelerated Cost Recovery System - ACRS
The modified accelerated cost recovery system (MACRS) replaced ACRS for property placed into service after 1986.

Related Terms

Adjusted Basis
Adjusted Cost Base
Declining Balance Method
Depreciation
Internal Revenue Service - IRS
Modified Accelerated Cost Recovery System - MACRS
Placed In Service
Tax Reform Act of 1986
Useful Life
More Related Terms

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