SINCE 1828
Accelerated Cost Recovery System
noun
Accelerated Cost Recovery Sys·tem
Legal Definition of Accelerated Cost Recovery System
: 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.
Comments on Accelerated Cost Recovery System
What made you want to look up Accelerated Cost Recovery System? Please tell us where you read or heard it (including the quote, if possible).
Test Your Vocabulary
Original Meanings Quiz
-
- Which of the following is the earliest known sense of the word awe?
Can you spell these 10 commonly misspelled words?
TAKE THE QUIZ
Test Your Knowledge - and learn some interesting things along the way.
TAKE THE QUIZLove words? Need even more definitions?
Merriam-Webster unabridgedWords at Play
Ask the Editors
Word Games
-
Original Meanings Quiz
A quiz for the pedantic and those annoyed by them!
Take the quiz -
A Green Quiz
How many questions can you answer about the word "green"?
Take the quiz -
Spell It
Can you spell these 10 commonly misspelled words?
Take the quiz -
SCRABBLE® Sprint
SCRABBLE® fans, sharpen your skills!
Play the game
Share Accelerated Cost Recovery System
Resources for Accelerated Cost Recovery System