Accelerated cost recovery system - acrs, Cost Accounting

ACRS is a system of depreciation started by the Economic Recovery Tax Act of 1981. ACRS depreciation relies on recovery periods in spite of useful life. These periods were preset by the IRS.

Now the more adaptable modified accelerated cost recovery system (MACRS) substituted ACRS for property positioned into service after 1986

 

Posted Date: 7/27/2012 1:41:07 AM | Location : United States







Related Discussions:- Accelerated cost recovery system - acrs, Assignment Help, Ask Question on Accelerated cost recovery system - acrs, Get Answer, Expert's Help, Accelerated cost recovery system - acrs Discussions

Write discussion on Accelerated cost recovery system - acrs
Your posts are moderated
Related Questions
The following information is provided to you concerning Lydia Ltd as at 30 June 2012.  Assume a company tax rate of 30%. (i) The balance of rent received in advance in the balan

1. Wrangle Corporation stock sells at a price of $80 a share and the riskless rate is 7%. Calculate the price of a 9-month call option on Wrangle stock with an exercise price of $7

Contract Accounts It is a separate account such is maintained and opened for every contract undertaken for the reasons of accumulating cots.  Every contract is given a number

XYZ Company is a family-owned bicycle manufacturing company located in Stow, Ohio.  Until recently,it had maintained slow but steady growth in producing and marketing its only pr


Sales Budget It provides volume of sales and sales mix of the recent operations. The sales forecast is initially prepared and upon completion the sales budget is finalized. Th

Tracking Overhead Jack would have a many task at hand if he tried to daily trace all such items of overhead. For example: x     How difficult it would  become to track the "

on the first day of the current fiscal year $2,000,000 of 10 year 7% bonds with interest payable annually, were sold for $2,125,000. Present enteries to record the following transa

The manufacturing division of an electronics company uses activity-based costing. The company has identified three activities and the related cost drivers for indirect production c

What are the five accounts used in adjusting entry for periodic inventory at the end of the year?