Acronyms are typically classified as nouns. In this case, "ACRS" is an acronym.
/ˌeɪ.siː.ɑːrˈɛs/
ACRS stands for "Accelerated Cost Recovery System," which is a method used in U.S. tax law to allow businesses to recover the costs of certain types of property over a set period. It was introduced as part of the Economic Recovery Tax Act of 1981. ACRS applies primarily to depreciable assets, providing tax deductions more rapidly in the early years of ownership.
In terms of frequency of use, ACRS is more commonly encountered in formal written contexts, especially in tax law literature, accounting, and finance-related discussions. It is less frequently used in everyday oral speech outside of professional or academic discussions.
The company decided to utilize ACRS to maximize their tax deductions in the first year of asset acquisition.
Компания решила использовать ACRS для максимизации своих налоговых вычетов в первый год приобретения активов.
Under the ACRS rules, businesses can recover costs at an accelerated rate, improving cash flow.
Согласно правилам ACRS, компании могут быстрее восстанавливать затраты, что улучшает денежный поток.
Many accountants recommend ACRS for new asset purchases to take advantage of tax benefits.
Многие бухгалтеры рекомендуют ACRS для новых покупок активов, чтобы воспользоваться налоговыми льготами.
While "ACRS" itself is not commonly used in idiomatic expressions, it’s often discussed in the context of financial jargon. However, here are a few expressions related to the broader topic of accounting and finance:
"Cutting corners"
Using ACRS might be seen as cutting corners in tax reporting for faster benefit.
Использование ACRS может рассматриваться как уклонение от норм в налоговой отчетности для получения выгод быстрее.
"Bottom line"
Utilizing ACRS can improve the company's bottom line in the short term.
Использование ACRS может улучшить чистую прибыль компании в краткосрочной перспективе.
"Playing it by ear"
In some cases, businesses may decide to play it by ear instead of relying solely on ACRS for tax planning.
В некоторых случаях компании могут действовать наугад вместо того, чтобы полагаться исключительно на ACRS для налогового планирования.
The term "ACRS" is an acronym and does not have an etymology in the traditional sense as it is derived from the initial letters of a specific phrase. The "Accelerated Cost Recovery System" itself is influenced by various tax reform efforts aimed at stimulating economic growth and investment.
Synonyms:
- Rapid Cost Recovery
- Fast Depreciation System
Antonyms:
- Slow Depreciation
- Conventional Cost Recovery Method