ACRS
Definition
Accelerated Cost Recovery System. Depreciation methods applied to limited partnership assets placed in service in 1986 or before. Replaced by the less-favorable Modified ACRS.
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Related terms:
Accelerated Cost Recovery System, Accelerated Depreciation, Modified ACRS, MACRS
'ACRS' appears in the definitions of these other terms on BusinessDictionary.com:
accelerated cost recovery system (ACRS), modified accelerated cost recovery system (MACRS)
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