Meaning of ACCELERATED COST RECOVERY SYSTEM (ACRS) in English

ACCELERATED COST RECOVERY SYSTEM (ACRS)

Enacted by Economic Recovery Tax Act of 1981- this method of accelerated depeciation provided for 3-5-7-and 10 year properties. Replaced ADR method of depreciation from tax act of 1969. Eventually replaced by MACRS in 1986.

Finance-Leasing English vocabulary.      Английский словарь финансов и лизинга.