accelerated cost recovery system (ACRS)

Definition

Provision in the US tax law that allows for accelerated depreciation. Under its provisions, assets or properties are divided into several classes, and a prescribed method of depreciation is assigned to each class. ACRS rules are meant to encourage capital investment and (with certain exceptions) provide for a rate of depreciation that is faster than the rate under straight line depreciation method. Its revised version is called modified accelerated cost recovery system (MACRS).

单词	accelerated cost recovery system (ACRS)
释义	accelerated cost recovery system (ACRS) Definition Provision in the US tax law that allows for accelerated depreciation. Under its provisions, assets or properties are divided into several classes, and a prescribed method of depreciation is assigned to each class. ACRS rules are meant to encourage capital investment and (with certain exceptions) provide for a rate of depreciation that is faster than the rate under straight line depreciation method. Its revised version is called modified accelerated cost recovery system (MACRS).
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