Home > Term: accelerated cost recovery system (ACRS)
accelerated cost recovery system (ACRS)
A depreciation system enacted as part of the Economic Recovery Tax Act of 1981 that allows rapid depreciation of assets for tax purposes. It was repealed in the Tax Reform Act of 1986.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Natural gas
- Company: AGA
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Creator
- JJD
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