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Home > QFINANCE Dictionary > Definition of accelerated cost recovery system

Definition of

accelerated cost recovery system

Accounting

use of asset depreciation to reduce US taxes in the United States, a system used for computing the depreciation of some assets acquired before 1986 in a way that reduces taxes.

Related definitions of "accelerated cost recovery system"

Definitions of ’accelerated cost recovery system’ and meaning of ’accelerated cost recovery system’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’accelerated cost recovery system’ and other financial terms with our online QFINANCE Financial Dictionary.

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