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• Definition of Accelerated cost recovery system (acrs)

Definition of Accelerated cost recovery system (acrs)

	Campbell R. Harvey's Hypertextual Finance Glossary Accelerated cost recovery system (ACRS) Schedule of depreciation rates allowed for tax purposes.

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Accelerated Cost Recovery System (ACRS) definition was found in categories: Business & Finance(1)  

Leasing

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.

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