ACRS

Accelerated Cost Recovery System. Depreciation methods applied to limited partnership assets placed in service in 1986 or before. Replaced by the less-favorable Modified ACRS.

Related Terms: 7 ACRS, Asset, Cover, Depreciation, ECI, Modified ACRS, Recovery

Other Related Pages: Category: Taxes Starting With: A

Additional Related Terms: 12b-1 funds, Accelerated Cost Recovery System, Accelerated Depreciation, Accumulated depreciation, Acquisition cost, ACRS, Active asset, Adjusted balance method, Allowance for depreciation, Alternative assets