Which one of the following is the depreciation method which allows accelerated write-offs of property under various lifetime classifications?
A)IRR
B)ACRS
C)AAR
D)straight-line to zero
E)straight-line with salvage

Question

Quizplus · Accepted Answer

ACRS (Accelerated Cost Recovery System) is the depreciation method that allows accelerated write-offs of property under various lifetime classifications. It was introduced as part of the Tax Reform Act of 1986 to provide taxpayers with a faster recovery period for assets compared to the previously used straight-line method.

Which One of the Following Is the Depreciation Method Which