cost recovery

cost recovery
cost recovery n: depreciation

Merriam-Webster’s Dictionary of Law. . 1996.

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  • accelerated cost recovery system — Accelerated Cost Recovery Sys·tem n: a method of calculating depreciation introduced in the Economic Recovery Tax Act of 1981 that results in faster recovery of costs for property put into service after 1980 by assigning it a shorter useful life… …   Law dictionary

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

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  • Modified Accelerated Cost Recovery System — n. An accounting approach for the rapid depreciation of assets. Abbreviated MACRS. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

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