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.
ACCELERATED COST RECOVERY SYSTEM (ACRS)
Meaning of ACCELERATED COST RECOVERY SYSTEM (ACRS) in English
Finance-Leasing English vocabulary. Английский словарь финансов и лизинга. 2012