The ACRS recovery period for recovery property has long-since expired, and all real estate that qualified as recovery property is now fully depreciated. As a result, any ACRS recovery property that is now declared on a tax return should be carefully investigated to ensure validity. ACRS was replaced by the Modified Accelerated Cost Recovery System (MACRS) in 1986.
Investment dictionary. Academic. 2012.
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recovery — Rising prices following a decline. The CENTER ONLINE Futures Glossary The use of depreciation of assets to offset costs; or a new period of rising securities prices after a period of declining security values. Bloomberg Financial Dictionary * * * … Financial and business terms
recovery — re·cov·ery /ri kə və rē/ n pl er·ies 1: the act, process, or fact of recovering 2 a: the obtaining, getting back, or vindication of a right or property by judgment or decree; esp: the obtaining of damages b: an amount awarded by or collected as a … Law dictionary
recovery period — ➔ period * * * recovery period UK US noun [S] ► ECONOMICS the time during which an economy improves after a difficult period: »The recovery period after any major economic collapse is often accompanied by a rise in nationalism. ► ACCOUNTING,… … Financial and business terms
Recovery — can refer to: Data : * Data loss refers to the unforeseen loss of data or information. Health : * Healing, the process of recovering from an injury or illness * The Recovery model of mental distress/disorder * Twelve step program of recovery from … Wikipedia
Property law — is the area of law that governs the various forms of ownership in real property (land as distinct from personal or movable possessions) and in personal property, within the common law legal system. In the civil law system, there is a division… … Wikipedia
property damage — Injury to real or personal property through another s negligence, willful destruction, or by an act of nature. In lawsuits for damages caused by negligence or a willful act, property damage is distinguished from personal injury. Property damage… … Law dictionary
recovery of property — index replevin Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
recovery of property from another's possession — index eviction Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
property law — Introduction principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… … Universalium
recovery — re|cov|er|y [ rı kʌvəri ] noun *** 1. ) singular or uncount the process of becoming fit and healthy again after an illness or injury: make a recovery: The doctors expect Josie to make a full and speedy recovery. recovery from: his recovery from… … Usage of the words and phrases in modern English