Business and Personal Finance Dictionary

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• MODIFIED ACCELERATED COST RECOVERY SYSTEM
  
  Commonly referred to as MACRS(pronounced "makers"), 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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