- cost recovery
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cost recovery n: depreciation
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
cost recovery
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Cost Recovery Corporation — Company Information Cost Recovery Corporation (CRC), based in Dayton, Ohio, is committed to assisting municipalities in their efforts to recoup the costs expended by their Safety Services Departments at “crashes”.[1] The company gained notoriety… … Wikipedia
accelerated cost recovery system — Accelerated Cost Recovery Sys·tem n: a method of calculating depreciation introduced in the Economic Recovery Tax Act of 1981 that results in faster recovery of costs for property put into service after 1980 by assigning it a shorter useful life… … Law dictionary
accelerated cost recovery system — ACRS Schedule of depreciation rates allowed for tax purposes. Bloomberg Financial Dictionary * * * accelerated cost recovery system accelerated cost recovery system ➔ system … Financial and business terms
Modified Accelerated Cost Recovery System — (MACRS) See Asset Depreciation Range (ADR); Accelerated Cost Recovery System (ACRS) … Black's law dictionary
Modified Accelerated Cost Recovery System — (MACRS) See Asset Depreciation Range (ADR); Accelerated Cost Recovery System (ACRS) … Black's law dictionary
Accelerated Cost Recovery System - ACRS — A system of depreciation introduced by the Economic Recovery Tax Act of 1981. ACRS depreciation is based on recovery periods instead of useful life. These periods were predetermined by the IRS. The modified accelerated cost recovery system… … Investment dictionary
Modified Accelerated Cost Recovery System - MACRS — The new accelerated cost recovery system, created after the release of the Tax Reform Act of 1986, which allows for greater accelerated depreciation over longer time periods. Faster acceleration allows individuals to deduct greater amounts during … Investment dictionary
Modified Accelerated Cost Recovery System — n. An accounting approach for the rapid depreciation of assets. Abbreviated MACRS. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 … Law dictionary
Cost Recovery Period — The number of years it takes to fully depreciate a capital asset. This time period is based on classification of the depreciable life of an asset. Bloomberg Financial Dictionary … Financial and business terms
Accelerated Cost Recovery System — (ACRS) An accounting method whereby the cost of a fixed asset is written off for tax purposes over a prescribed period of time. Instituted by the Economic Recovery Tax Act of 1981, and modified by Tax Reform Act of 1986, the system places assets… … Black's law dictionary
