Accelerated Cost Recovery System
noun
Accelerated Cost Recovery Sys·tem
: a method of calculating depreciation introduced in the Economic Recovery Tax Act of 1981 that results in faster recovery of costs for property put into service after 1980 by assigning it a shorter useful life than that previously allowed by the tax code compare modified accelerated cost recovery system
Note: The Modified Accelerated Cost Recovery System replaced the Accelerated Cost Recovery System in 1986.
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“Accelerated Cost Recovery System.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/Accelerated%20Cost%20Recovery%20System. Accessed 16 Jul. 2025.
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