Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,885,415,771 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

ACRS

   Also found in: Acronyms, Wikipedia 0.01 sec.
ACRS

Accelerated Cost Recovery System
An accounting technique formerly used in the United States to tax a tangible asset based upon its estimated depreciation. The estimated depreciation bore only a rough relationship to an asset's actual life, and was designed to decrease the taxation in the early years of an asset's ownership. ACRS was instituted by the Economic Recovery Act of 1981 and amended in 1986 to create the Modified Accelerated Cost Recovery System. See also: Absolute Physical Life.

ACRS

ACRS

See accelerated cost recovery system.


Accelerated Cost Recovery System (ACRS)
The system of depreciation mainly used for property placed in service after 1980 and before 1987. ACRS is also used for certain property placed in service after 1986 that is acquired from a related party who used the property before 1987. See Modified Accelerated Cost Recovery System (MACRS) for property placed in service after 1986.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Because of the demand and the competition, there are going to be a lot of disappointed folks out there," says James Lightfoot, head of ACRS 2000, an adviser to companies on the application process.
Obama and Congress should have stepped back from the current spending bill and turned it into a stimulus bill: identify the overriding strategic visions; invest in infrastructure for those visions; and then bring back the ITC and ACRS deductions to get the private sector hack in the game.
March 19-21, ACRS Joint Meeting: 2001 International Conference on Computational Nanoscience (Biology, Chemistry, Materials) (ICCN 2001), and 4th International Conference on Modeling and Simulation of Microsystems (MSM 2001), Hilton Head Island, S.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.