The Accelerated Cost Recovery System (ACRS) is a method of depreciation that spreads the deduction of a property’s cost over specific periods. Originating from the Economic Recovery Tax Act of 1981 and later modified, ACRS was devised to provide significant tax incentives.
The Accelerated Cost Recovery System (ACRS) was a method used to depreciate property for tax purposes at an accelerated rate. Introduced by the Economic Recovery Tax Act of 1981 (ERTA), it allowed for quicker cost recovery of investments in tangible property.
