MACRS. Depreciation methods applied to assets placed in service after 1986; less favorable than the earlier ACRS system.
Related information about Modified ACRS:
- What is Modified ACRS? definition and meaning
Definition of Modified ACRS: MACRS. Depreciation methods applied to assets placed in service after 1986; less favorable than the earlier ACRS system.
- What is ACRS? definition and meaning
Depreciation methods applied to limited partnership assets placed in service in 1986 or before. Replaced by the less-favorable Modified ACRS.
- Accelerated cost recovery system (ACRS) defined
The 1986 modification, known as MACRS (Modified ACRS), is currently applied by many US companies to many classes of assets that includes computing ...
- What is an Accelerated Cost Recovery System?
The modified ACRS was given life with the Tax Reform Act of 1986 in the United States. The purpose of the act was to create a standard system for depreciation ...
- Fixed Asset Depreciation Methods, MACRS, ACRS, Straight-line
This tax act made significant changes to the earlier Accelerated Cost Recovery System (ACRS), and created the modified ACRS (MACRS). Recovery periods ...
- Partnership Taxation
Thus, after 1986, it appears that property stepped-up should be depreciated under modified ACRS with respect to the step-up only. The "old" basis should ...
- A Detailed Comparison of California and Federal Tax Laws
... 1986 under the Accelerated Cost Recovery System (ACRS) and for those assets acquired after 1986 under a modified ACRS (IRC Secs. 167, 168 and 280F).
- ACRS Depreciation Method | eHow.com
... Tax Act in 1981. It remained an accepted depreciation method for tax purposes until 1986, when the Tax Reform Act introduced modified ACRS, or MACRS.