Accelerated Cost Recovery System (ACRS)
What Is the Accelerated Cost Recovery System (ACRS)?
The system for recovering the cost of capital expenditure by which the cost of depreciable property is recovered over either a 3-, 5-, 10- or 15-year-period of time, depending upon the nature of the asset.
About the Author
True Tamplin, BSc, CEPF®
True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.
True contributes to his own finance dictionary, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.