Modified Accelerated Cost Recovery System

noun

Legal Definition of Modified Accelerated Cost Recovery System

: a method of calculating depreciation introduced in the Tax Reform Act of 1986 that replaced the Accelerated Cost Recovery System and that allows for faster recovery of costs for property put into service after 1986 over a longer period of time

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Dictionary Entries Near Modified Accelerated Cost Recovery System

moderate force

Modified Accelerated Cost Recovery System

modus operandi

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Cite this Entry

“Modified Accelerated Cost Recovery System.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/Modified%20Accelerated%20Cost%20Recovery%20System. Accessed 22 May. 2022.

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