ACRS


Also found in: Acronyms, Wikipedia.

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.
References in periodicals archive ?
Using an innovative TDD OFDMA implementation, ACRS 2.
This independent recommendation from ACRS, along with expanding GEH's global supply chain and nuclear footprint, shows the commitment of GEH to long-term nuclear projects.
The first deployment using the FCC certified Adaptrum ACRS 1.
Unlike ACRS residential rental property, the cumulative excess-over-straight-line rule does not apply.
For installment sales involving depreciable real property, depreciation recapture in the sale year is more likely to be significant if the property is nonresidential ACRS property (acquired during 1981-1986).
ACRS is a nationally recognized non-profit organization offering a broad array of human services and behavioral health programs to Asian Pacific Americans in King County
168-4(a) and (d), a shareholder-lessor may not be able to use ACRS to depreciate the property, depending on when the property was originally acquired by the corporation.
ACRS facilitates successful clinical trials by developing and implementing the collection, management, analysis and reporting of clinical data to companies performing clinical trials to meet regulatory submission requirements for the U.
of America (HCA), 109 TC 21 (1997), held that property qualified as tangible personal property for purposes of ACRS and MACRS if the property would have qualified as tangible personal property for ITC purposes.
With this agreement, ACRS has committed to maintaining sufficient capacity to ensure the continued delivery of high quality clinical data management services while providing superior customer service.
168(f)(1)'s "legislative history suggests that Congress intended to permit taxpayers to exclude 'moss properly' from the ACRS and MACRS under section 168(f)(1).