MACRS
Short for modified accelerated cost recovery system. A method of depreciation, established by the Internal Revenue Code, for rapidly claiming depreciation tax deductions.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.


MACRS

Webster's New World Law Dictionary. . 2000.

Look at other dictionaries:

  • MACRS — Part of a series on Taxation Taxation in the United States …   Wikipedia

  • MACRS — Modified Accelerated Cost Recovery System (MACRS) See Asset Depreciation Range (ADR); Accelerated Cost Recovery System (ACRS) …   Black's law dictionary

  • MACRS — Modified Accelerated Cost Recovery System (MACRS) See Asset Depreciation Range (ADR); Accelerated Cost Recovery System (ACRS) …   Black's law dictionary

  • MACRS — Modified Accelerated Cost Recovery System (Business » Accounting) …   Abbreviations dictionary

  • MACRS — ( Modified Accelerated Cost Recovery System) A 1986 act that set out rules for the depreciation of qualifying assets, allowing for greater acceleration over longer periods of time. Bloomberg Financial Dictionary …   Financial and business terms

  • MACRS — modified accelerated cost recovery system модифицированная система ускоренной амортизации (списание затрат) …   Финансово-инвестиционный толковый словарь

  • 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 — ( MACRS) A 1986 act that set out rules for the depreciation of qualifying assets, allowing for greater acceleration over longer periods of time. Bloomberg Financial Dictionary …   Financial and business terms

  • Section 179 depreciation deduction — Section 179 of the United States Internal Revenue Code (26 U.S.C. § 179), allows a taxpayer to elect to deduct the cost of certain types of property on their income taxes as an expense, rather than requiring the cost of the property to… …   Wikipedia

  • Accelerated depreciation — refers to any one of several methods by which a company, for financial accounting and/or tax purposes, depreciates a fixed asset in such a way that the amount of depreciation taken each year is higher during the earlier years of an asset’s life.… …   Wikipedia

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