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. 2012