Accelerated cost recovery system
Accelerated cost recovery system
Accelerated cost recovery system, also known as ACRS, is a depreciation method that was introduced and defined in the Economic Recovery Tax Act of 1981. ACRS allows for rapid depreciation (for tax purposes) of property placed into service between 1981 and 1986.
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| Loan Type | Today |
|---|---|
| 30 yr fixed |
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| 15 yr fixed |
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| 5/1 ARM | 3.99 |
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