Learn or Find Bookkeeping, Payroll, Accounting, QuickBooks, or Tax Terms

Select a letter below or enter a term or keyword.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



Accelerated Cost Recovery System (ACRS)

A depreciation method that assigns assets periods of cost recovery based on specific IRS criteria. Since 1986, the Modified Accelerated Cost Recovery System (MACRS) has been far more prevalent.