Another casual name for the accelerated cost recovery system (ACRS). It is a tax accounting technique that determines the rate...

It stands for accelerated cost recovery system; a system of asset depreciation, for tax purposes, that determines the rate of...

A system of depreciation that entails higher depreciation expenses in the early years of the life of an asset, for...

A system of asset depreciation, for tax purposes, that determines the rate of appreciation for an entity's assets. It involves...