What are assets placed in service between 1981 and 1986 for depreciation rules are often referred to?

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Assets placed in service between 1981 and 1986 for depreciation rules are often referred to Accelerated Recovery System (ACRS). Assets that are placed in service after 1986 fall under a modified cost recovery system called Modified Accelerated Cost Recovery System )MACRS). ACRS generally provided faster recover than MACRS, but only certain property placed in service under ACRS is still in service for tax purposes. The term accelerated mans any cost recovery period than would have been provided in a straight-line recovery method.

What Are Assets Placed in Service Between 1981 and 1986