BNET Business Dictionary
Business Definition for: Accelerated Cost Recovery System
- a system used for computing the depreciation of some assets acquired before 1986 in a way that reduces taxes.
- Abbr. ACRS
Additional Resources
- Depreciating MACRS property in tax-free exchanges.(modified accelerated cost recovery system)
- Final regulations (TD 9314, 2/26/07) explain how to depreciate certain property acquired in a like-kind exchange under Sec. 1031. The rules address how to determine annual depreciation allowances using the modified accelerated cost recovery system MACRS under Sec. 168 for replacement property acquired in a like-kind...
- Research articles 2007-05-01
- Buy-Buy Strategy of 2003 Tax Cut Law
- With every purchase a company makes, there are many ways to benefit from the ever-changing tax structure as long as the timing is right. Those lower, out-of-pocket costs result not only from the routine, accelerated cost write offs for depreciation that are already in the tax law, but also from...
- White papers 2003-01-01
- Depreciation consequences of like-kind exchanges and involuntary conversions: in reviewing the new IRS guidance for property received in like-kind exchanges and involuntary conversions, special attention should be paid to the election.
- The Government is providing definitive guidance for computing depreciation deductions under the Section 168 Modified Accelerated Cost Recovery System MACRS when property is acquired in a like-kind exchange or as a result of an involuntary conversi The Government is providing definitive guidance for computing depreciation...
- Research articles 2004-05-01
- A tax update for oil and gas firms: A new wrinkle in the depreciation rules for MACRS property acquired in link-kind exchanges or involuntary conversions
- Firms in the petroleum industry, producers as well as service-related companies, often engage in like-kind exchanges and frequently have assets that are involuntarily converted. These firms should be aware of a significant change in the depreciation of certain property that has resulted from the issuance of IRS Notice 2000-4' which...
- Research articles 2001-10-01
- Ryder System, Inc. Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you. [Operator Instructions]. Our first question comes from Jon Langenfeld. You may ask your question and please state your company name. Jon Langenfeld - Baird Robert. W. Baird. Good morning. Gregory T. Swienton - Chairman and Chief Executive Officer Good morning....
- Earnings calls 2007-10-25
- Tenaris SA Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you. [Operator Instructions]. And your first question comes from the line of Ole Slorer from Morgan Stanley. Ole Slorer - Morgan Stanley Thank you very much. I wonder if we can have some clarifications on some of the pricing trends. I mean if...
- Earnings calls 2007-11-08
- Boeing Co. Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator [Operator Instructions]. Our first question... one moment. Our first question comes from Cai von Rumohr of Cowen & Co. Cai von Rumohr - Cowen & Co. Yes. If you would give us a little more detail the unit cost margin, looks like was kind...
- Earnings calls 2007-10-25
- DuPont Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you. [Operator Instructions]. Your first question is from Bob Koort with Goldman Sachs. Robert Koort - Goldman Sachs Thanks. Good morning. Jeff, I was wondering if you can talk a little bit about your return on capital expectations for the new Chinese Ti02...
- Earnings calls 2007-10-24
- Need to know: Electrolux cut ... Merck consent ... Cape success
- View video and Need to Know interactive heatmap Economics UK economy: Britain is now in the grip of the longest recession on record, according to official data. The economy shrank 0.4 per cent between July and September, its sixth consecutive quarterly decline. Output has fallen 5.9 per cent since the...
- News items 2009-10-23
