This definition appears very rarely
and is found in the following Acronym Finder categories:
See other meanings of ACRS
We have 85 other definitions for ACRS
in our Acronym Attic
Samples in periodicals archive:
3 Modified Accelerated Cost Recovery System (MACRS) 3.
To qualify for bonus depreciation, the property you place in service must be new and generally have a useful life of 20 years or less under the modified accelerated cost recovery system (MACRS).
It resuscitated the Kennedy-era investment tax credit (ITC), which gave businesses partial reimbursement for the purchase of every new income-producing asset they acquired, and it added to this subsidy by allowing all those assets to be depreciated extremely rapidly under the new Accelerated Cost Recovery System (ACRS).
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.
Note that section 168(k) includes regulations relating to the depreciation of the basis of the replacement property in an exchange under section 1031 for modified accelerated cost recovery system (MACRS) property.
They prohibited the use of component depreciation and created a new method referred to as Modified Accelerated Cost Recovery System or MACRS.
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.