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Accelerated cost recovery system |
Also found in: Acronyms | 0.06 sec. |
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Accelerated cost recovery system (ACRS) Schedule of depreciation rates allowed for tax purposes. |
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? Mentioned in | ? References in periodicals archive | |
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Such property could be depreciated over much
shorter, modified accelerated cost recovery system (MACRS) lives. 00% $100,000 $100,000 0
* Modified Accelerated Cost Recovery System Depreciation
This table illustrates the economic impact of the 30% bonus
depreciation, which provides more of the overall depreciation
in the first year of new equipment ownership. They prohibited the use of component depreciation and created a
new method referred to as Modified Accelerated Cost Recovery System or
MACRS. |
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