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 Depreciation - More

MACRS -

Related Terms on BusinessDictionary

modified accelerated cost recovery system (MACRS)

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ACRS is ...

... part of the Accounting and Taxes subjects.

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