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ACRS

The financial definition for ACRS:

See: Accelerated cost recovery system




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Accelerated cost recovery system (ACRS)

Accelerated cost recovery system (ACRS)
Schedule of depreciation rates allowed for tax purposes.


Modified Accelerated Cost Recovery System (MACRS)

Modified Accelerated Cost Recovery System (MACRS)
A 1986 act that set out rules for the depreciation of qualifying assets, allowing for greater acceleration over longer periods of time.




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