Match the following terms with the appropriate definition Click on the term in the left column first and then on the correct definition in the right column Clear All Accelerated cost recovery system (ACRS) Modified accelerated cost recovery system (MACRS) Additional firstyear depreciation Cost depletion Amortization Alternative depreciation system (ADS) This is calculated based on the adjusted

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The modified accelerated cost recovery system MACRS is a depreciation system used for tax purposes in the US MACRS depreciation allows the capitalized cost of an asset to be recovered over a specified ... View the full answer