Meaning of the acronym ACRS
In taxation, the acronym ACRS stands for Accelerated cost recovery system.
Short definition from the glossary of financial terms
The ACRS was a depreciation method for assets between 1981 and 1986 in the United States applicable to all assets purchased in that period. Its goal was to provide Federal tax breaks.
Read the full definition of Accelerated cost recovery system in the glossary of financial terms.