Accelerated Cost Recovery System

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

Related Terms: 5 ACRS, Asset, Depreciation, ECI, Modified ACRS

Other Related Pages: Category: Taxes Starting With: A

Additional Related Terms: 12b-1 funds, Accelerated Depreciation, Accumulated depreciation, ACRS, Active asset, Adjusted balance method, Allowance for depreciation, Alternative assets, Asset, Asset/equity ratio