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







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