cost recovery

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cost recovery

A tax concept commonly called depreciation,but technically different in ways that don't matter to most taxpayers.The explanation is that depreciation is a calculation determined by starting with the acquisition cost of a property and then subtracting the anticipated salvage value when the property's useful life is over.That number is then divided by the number of years one can reasonably assume the property will have a useful life.The resulting figure is the annual depreciation for the property.Because of constant arguments,audits,and litigation over the correct salvage value and the correct useful life for various properties,the IRS replaced the whole depreciation system with the cost recovery system that assigns a useful life to various classes of property,assumes the property will be worthless at the end,and then allows deductions over the course of the useful life.

Cost Recovery

A term sometimes used to refer to depreciation claimed under the ACRS or MACRS methods of depreciation. See also Accelerated Cost Recovery System (ACRS) and Modified Accelerated Cost Recovery System (MACRS).

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accelerated cost recovery system accelerated depreciation ACRS Alternative Depreciation Schedule Anti-Churning Rules asset cost recovery system asset depreciation range Asset Depreciation Range System Convention Cost Recovery Period depreciable life depreciation Double-Declining-Balance Depreciation General Depreciation System Gross Rents MACRS Modified Accelerated Cost Recovery System recapture Recouvrement des couts			He explains the benefits and obstacles of cost recovery, how to assess opportunities and risk based on a company's control issues to identify the areas for recovery and process improvements, how to select a provider, and cost recovery categories such as telecommunications, utilities, health care, advertising, media, freight, tax reduction, project fraud, and travel and entertainment reviews. Cost recovery; turning your accounts payable department into a profit ... by Reference & Research Book News It resuscitated the Kennedy-era investment tax credit (ITC), which gave businesses partial reimbursement for the purchase of every new income-producing asset they acquired, and it added to this subsidy by allowing all those assets to be depreciated extremely rapidly under the new Accelerated Cost Recovery System (ACRS). Obama should have followed Reagan plan by USA Today (Magazine) The cost recovery to British owners - expressing returns over costs as a percentage - was 22 per cent, lower than Ireland at 28 per cent, and considerably adrift of the 240 per cent return enjoyed by owners in the United Arab Emirates. UK owners' returns continue to slide by The Racing Post (London, England)			Cost and Freight cost approach cost basis Cost Center Cost Company Arrangement Cost Depletion Cost Hierarchy Cost Insurance and Freight Cost Method of Inventory Valuation Cost of Capital Cost of Carry Cost of Debt Cost of Equity Cost of Funds cost of funds index Cost of Goods Sold Cost of Lease Financing Cost of limited partner capital Cost of Living Cost of Maintaining a Home Cost of Tender Cost or Market, Whichever is Lower Cost per Click Cost per Thousand Cost Records cost recovery Cost Recovery Period Cost Synergy cost to cure Cost, Insurance and Freight cost-benefit analysis Cost-Benefit Ratio Cost-of-carry market cost-of-living adjustment cost-of-living index Cost-of-Savings Index Cost-Plus Contract cost-plus-percentage contract Cost-Push Inflation Costa Rican Colon CoStar Costo Costo base Costo de adquisicion Costo de adquisicion para fines impositivos Costo de capital Costo de colocacion de una emision nueva Costo de emision Costo de inmovilizacion del capital Costo de mercaderias vendidas Costo de oportunidad			Cost Plus Contracts Cost Plus Contracts Cost Plus Contracts Cost Plus Fee Cost Plus Fixed-Fee Cost Plus Incentive Award Fee Cost plus Incentive Fee Cost Plus Incentive Fee Contract Cost Plus Incentive-Fee Cost Plus Incentives Cost Plus No-Fee Cost Plus Percentage-of-Cost Cost Plus World Market Cost Plus, Inc. cost price cost price cost prices Cost Product Team Cost Projections cost proposal Cost push inflation Cost push inflation Cost Quality Management Cost Quality Management Assessment Cost Readiness Level Cost Record Cost records cost recovery Cost Recovery and User Charging Policy Cost Recovery Period Cost Recovery Periods Cost Recovery Rate Cost Recovery Regulations cost reducing Cost Reduction & Effectiveness Improvement Cost Reduction Alternative Study Cost Reduction Curve Cost Reduction Effort Cost Reduction in the New Era Cost Reduction Incentive Proposal Cost Reduction Initiative Cost Reduction Initiative for the New Era Cost Reduction Integrated Product Team Cost Reduction Program Cost Reduction Proposal Cost Reduction Strategy Cost Reflective Network Pricing Cost Reimbursable Cost Reimbursable Contractor Cost Reimbursement Cost Reimbursement Contract Cost Reimbursement Incentive Contract

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