Business and Personal Finance Dictionary

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• MACRS
  
  Tax shorthand (pronounced "makers") for Modified Accelerated Cost Recovery System, a depreciation method used to figure the deductions you get over the life of tangible property you began using on Jan. 1, 1987, or later. Depreciation deductions for property in use earlier (1980 thorugh 1986) are determined under the Accelerated Cost Recovery System (ACRS).
  
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