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).
What does ACR stand for?
ACR stands for Accelerated Cost Recovery
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of ACR
We have 387 other meanings of ACR in our Acronym Attic
- Advanced Centre for Queensland University Isotope Research Excellence (Australia)
- Aquatic Information Retrieval
- Asymmetric Coupled Quantum Wells
- Office of the Under Secretary of Defense for Acquisition and Technology
- Advisory Committee on the Quality of Water Supplies (Hong Kong)
- Abandon Call and Retry
- Absolute Category Rating
- Absolute Concrete Restoration (Heber City, UT)
- Absolute Cryogenic Radiometer
- Academic Computing Resources (various schools)
- Acceptance of Compliance and Responsibility (real estate)
- Access Card Reader (Remote Access Security)
- Access Control Register
- Access Research Corporation
- Acción Cívica Revolucionaria (Revolutionary Civic Action, Guatemalan political party)
- Accounts Receivable
- Accredited Conservator-Restorer (UK professional qualification)
- ACCS Capability Requirements
- ACCS Change Requirements
- Acknowledgement of Cancellation Request
Samples in periodicals archive:
The temporary regulations also revise the rules for accounting for modified accelerated cost recovery system (MACRS) property and the rules for determining gain or loss upon its disposition.
However, all property must meet the following conditions to qualify: * Property to which modified accelerated cost recovery system applies with a recovery period of 20 years or less.
It also allows an additional first-year write-offunder the so-called modified accelerated cost recovery system (MACRS).
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.
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.