ACRS

See: Accelerated cost recovery system

Accelerated Cost Recovery System

An accounting technique formerly used in the United States to tax a tangible asset based upon its estimated depreciation. The estimated depreciation bore only a rough relationship to an asset's actual life, and was designed to decrease the taxation in the early years of an asset's ownership. ACRS was instituted by the Economic Recovery Act of 1981 and amended in 1986 to create the Modified Accelerated Cost Recovery System. See also: Absolute Physical Life.

ACRS

See Accelerated Cost Recovery System.

ACRS

See accelerated cost recovery system.

Accelerated Cost Recovery System (ACRS)

The system of depreciation mainly used for property placed in service after 1980 and before 1987. ACRS is also used for certain property placed in service after 1986 that is acquired from a related party who used the property before 1987. See Modified Accelerated Cost Recovery System (MACRS) for property placed in service after 1986.

ACRS

Acronym	Definition
ACRS➣Aluminum Conductor, Steel Reinforced
ACRS➣Asian Counseling and Referral Service (Seattle, WA)
ACRS➣Accelerated Cost Recovery System
ACRS➣American Cancer Research Society
ACRS➣Australian Coral Reef Society
ACRS➣Arms Control and Regional Security
ACRS➣Advisory Committee for Reactor Safeguards
ACRS➣Asset Condition Reporting System (Canada)
ACRS➣Aged Care and Rehabilitation Service (Australia)
ACRS➣Automated Customer Registration System
ACRS➣Automated Conflict Resolution System
ACRS➣Advanced Cargo Restraint System
ACRS➣Application Capture and Review System
ACRS➣Appropriations Control Reporting System
ACRS➣Automated Control and Response System
ACRS➣Advanced Computing Research Society