ACRS

(redirected from Accelerated cost recovery system)
Also found in: Financial.
Category filter:
AcronymDefinition
ACRSAluminum Conductor, Steel Reinforced
ACRSAsian Counseling and Referral Service (Seattle, WA)
ACRSAccelerated Cost Recovery System
ACRSAmerican Cancer Research Society
ACRSAustralian Coral Reef Society
ACRSArms Control and Regional Security
ACRSAsset Condition Reporting System (Canada)
ACRSAdvisory Committee for Reactor Safeguards
ACRSAged Care and Rehabilitation Service (Australia)
ACRSAutomated Customer Registration System
ACRSAutomated Conflict Resolution System
ACRSAdvanced Cargo Restraint System
ACRSApplication Capture and Review System
ACRSAppropriations Control Reporting System
ACRSAutomated Control and Response System
ACRSAdvanced Computing Research Society
Copyright 1988-2018 AcronymFinder.com, All rights reserved.
References in periodicals archive ?
Generally, the Accelerated Cost Recovery System (ACRS) was replaced with the Modified Accelerated Cost Recovery System (MACRS) for property placed in service after 1986.
Bonus depreciation deductions are gone for good, which means small-business owners are generally required to write off equipment costs under the Modified Accelerated Cost Recovery System, or MACRS.
A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS), after claiming a Section 179 deduction for that vehicle, for any vehicle used for hire, or for more than four vehicles used simultaneously.
All this would get manufacturers past the current and creaking Modified Accelerated Cost Recovery System, a pretty long moniker for what econ profs used to simply call depreciation.
Qualifying property should generally include property to which the Modified Accelerated Cost Recovery System applies with a recovery period of 20 years or less as well as computer software.
The authors cannily explain rather involved subjects such as corporate and individual AMT (Alternative Minimum Tax), amortization of intangibles, and MACRS (Modified Accelerated Cost Recovery System).
It is designed as a summary and working handbook for the three main depreciation-related revenue systems currently in use: the Modified Accelerated Cost Recovery System (MACRS); the Accelerated Cost Recovery System (ACRS); and the Asset Depreciation Range (ADR).
Eventually the scheme became '81's most audacious measure, the Accelerated Cost Recovery System (ACRS), a regime of goodies that translated into Christmas seven days a week if you happened to run a very large corporation.
* An accelerated cost recovery system tha provides substantially faster depreciation write-offs for business.
The disposition final regulations apply to tangible property subject to modified accelerated cost recovery system (MACRS) depreciation under Sec.
To help pay for that reform, the proposal eliminates the Modified Accelerated Cost Recovery System (MACRS), lengthens depreciable lives for depreciation of property placed in service after December 31, 2015, and requires amortization instead of expensing research and experimental expenditures and certain advertising expenses beginning in 2015.
Full browser ?