Accelerated Cost Recovery System


Definition of "Accelerated cost recovery system"

Afshan Moosa
  Coldwell Banker Residential Broker

System of depreciation for tax purposes mandated by the Tax Reform Act of 1986. The type of property determines its class. Instead of providing statutory tables, prescribed methods of depreciation are assigned to each class of property.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Family Income Rider

Attachment of decreasing term life insurance to an ordinary life policy to provide monthly income to ...

Automobile Assigned Risk Insurance Plan

Coverage in which individuals who cannot obtain conventional automobile liability insurance, usually ...

Lateral And Subjacent Support

The right of a landowner to have lateral land support from adjacent properties. The right of lateral ...

Easement Appurtenant

Burdens one parcel of land (the servient estate) for the benefit of another parcel (the dominant est ...

Free Examination "free Look" Period

Right, in most states, of an insured to have 10 days in which to examine an insurance policy, and if ...

Hospice

Facility that provides short periods of stay for a terminally ill person in a homelike setting for e ...

Related Real Estate FAQ

How Big Is An Acre?

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to en ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How Does The Home Loan Underwriting Process Work? What is Hazard Insurance? Getting Ready to Sell? Don't make these DIY Mistakes! What do Real Estate Attorneys do? 7 Things to Consider Before Moving to a New City

FAQ

What is a closing? What is cooperative? Do you have any tips to help me manage my investing? What is a default? What is a spec house?