What is ‘Accelerated Cost Recovery System – ACRS’
A system of depreciation introduced by the Economic Recovery Tax Act of 1981. ACRS depreciation is based on recovery periods instead of useful life. These periods were predetermined by the IRS.
Explaining ‘Accelerated Cost Recovery System – ACRS’
The modified accelerated cost recovery system (MACRS) replaced ACRS for property placed into service after 1986.
Further Reading
- Reforming Cost Recovery Allowances for Debt Financed Depreciable Property – heinonline.org [PDF]
- The new economics of accelerated depreciation – www.nber.org [PDF]
- Comparing acceleration of new Accelerated Cost Recovery System (ACRS) vs. prior law double declining balance depreciation: a net present value approach – agris.fao.org [PDF]
- The Economic Recovery Tax Act of 1981 and corporate capital structure – www.jstor.org [PDF]
- Tax subsidies finance construction and hard energy path – www.osti.gov [PDF]
- The Accelerated Cost Recovery System As Provided By The Economic Recovery Tax Act Of 1981 – scholars.carroll.edu [PDF]
- … OF TAX LAWS ON THE VALUE OF THE FIRM (INVESTMENT CREDIT, EVENT STUDY, INCENTIVES, PERCENTAGE DEPLETION ALLOWANCE, ACCELERATED … – elibrary.ru [PDF]
- An analysis of ACRS during inflationary periods – www.jstor.org [PDF]
