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.
Investopedia Commentary
Faster acceleration allows individuals to deduct greater amounts during the first few years of an asset's life.
Related Links
Appreciating Depreciation
Advanced Financial Statement Analysis
See also: Accelerated Cost Recovery System - ACRS, Accelerated Depreciation, Accounting, Depreciation, General Depreciation System, Tax Reform Act of 1986
Also spelled: MACRS