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   Accelerated Cost Recovery System (ACRS)
   















 

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Accelerated Cost Recovery System (ACRS)

A reference to tax provisions governing the rate of depreciation of assets. Essentially a 150% or 200% declining balance system, depending on the expected useful life of various categories of assets. Modified ACRS (MACRS) is the current version in use in the United States. Also called Accelerated Depreciation.

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