All methods of depreciation permitted by the IRS prior to the 1981 introduction of ACRS provided taxpayers the opportunity to manipulate the depreciation deduction by underestimating the useful lives of their property.

Question

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Prior to the introduction of ACRS in 1981, taxpayers could choose from various methods of depreciation that allowed them to estimate the useful lives of their property and manipulate the deduction by underestimating those lives.

All Methods of Depreciation Permitted by the IRS Prior to the 1981