Accelerated Cost Recovery System

Definition of "Accelerated Cost Recovery System"
  1. It's a depreciation calculation method brought through the Economic Recovery Tax Act of 1981 that enables quicker recovery of costs for properties initiated after 1980 by attributing it a lesser lifespan than that previously sanctioned by the tax regulation
How to use "Accelerated Cost Recovery System" in a sentence
  1. The Accelerated Cost Recovery System was implemented to stimulate investment by speeding up cost depreciation.
  2. Businesses often use the Accelerated Cost Recovery System to reduce their taxable income through faster depreciation.
  3. Under the Accelerated Cost Recovery System, a building put into service in 1985 would have a decreased lifespan, thus making depreciation deductions larger and faster.

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