For Accelerated Cost Recovery System (Acrs) we have terms and definitions in 4 topics. The topics are Economics, Finance, Natural Gas and Securities.

Accelerated Cost Recovery System (Acrs) (Economics)

A 1981 US tax law providing a system of accelerated straight-line depreciation in four tax classes with 3-, 5-, 10- and 15-year life. 7- and 20-year property lives were added in 1986. Alternatively, longer depreciation lives may be used.

Accelerated Cost Recovery System (Acrs) (Finance)

Schedule of depreciation rates allowed for tax purposes.

Accelerated Cost Recovery System (Acrs) (Natural Gas)

A depreciation system enacted as part of the Economic Recovery Tax Act of 1981 that allows rapid depreciation of assets for tax purposes. It was repealed in the Tax Reform Act of 1986.

Accelerated Cost Recovery System (Acrs) (Securities)

A statutory schedule of depreciation deductions for assets put into service after 1980 and before 1987. Salvage value is disregarded in computing ACRS allowances. Replaced by Modified Cost Recovery System (MACRS).

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