Accelerated Cost Recovery System (ACRS)
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Definition of Accelerated Cost Recovery System (ACRS):
Depreciation method used for property placed in service between 1981 and 1986 that used recovery periods (set by the IRS) for different assets instead of useful life. If the asset falls into the 3, 5, 7 or 10 year recovery period, you use the double declining method of depreciation. If the asset is in the 15 or 20-year period, you use 150% declining method and then switch to straight-line when it will give you a larger deduction. Real property uses straight-line over 27.5 (residential property) or 31.5 (commercial property) years.
