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
What is bad debt expense, using the aging method (also called the "percentage of receivables" method), given the following set of facts?   A firm has $80 of gross accounts recei

Marginal Cost Marginal cost is the change in a firm's cost of production. It is related to a unit change in its output, or the added cost of producing the next unit. The margin

Morrow Company applies overhead based on direct labor hours. At the beginning of the year, Morrow estimates overhead to be $620,000, machine hours to be 180,000, and direct labor h

Accounting Treatment of Spoilage Costs 1) Normal Spoilage Costs: These costs are assigned to the good output utilizing two approaches as: (i) Omission Approach:  Under th

HOW DOES IDLE CAPACITY EFFECT COST BEHAVIOR PATTERNS AND FACTORY OVERHEAD METHODS?

Make-or buy and relevant costs - The assembly division of Davenport, Inc., is bidding on an order of 50,000 smart phones. The division is eager to get this order because it has a s

Three of the cost items that are included in the production overhead for a factory for a period are: Machine maintenance labour $33,600 Power

M aterials mix variance :  It can be described as that portion of direct material usage variance which is the variation between the actual quantities of ingredients used in a mi


You are considering starting a walk-in-clinic.  Your financial projections for the first year of operations are as follows: Revenues (10,000 visits) $400