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What does the acronym MACRS stand for?

Lisa pilt

Valdkond/domeen: Financial services
Category: General Finance
Created: 14:31, 29 November 2012

Answers (1)

XxMEGA_GOKUxX

It stands for 'Modified Accelerated Cost Recovery System'. Act of 1986 which establish rules for the depreciation of assets, which allows a greater acceleration over long periods of qualifying time. In return, firms receive a larger tax-break in earlier years, as it is depreciated faster.

17:33, 11 November 2013

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