Modified Accelerated Cost Recovery System (MACRS)
The new accelerated cost recovery system, created after the release of the Tax Reform Act of 1986, which allows for greater accelerated depreciation over longer time periods. Investopedia Says:
Faster acceleration allows individuals to deduct greater amounts during the first few years of an asset's life. Related Terms:
Accelerated Cost Recovery System - ACRS
Accelerated Depreciation
Accounting
Depreciation
General Depreciation System
Tax Reform Act of 1986 |