Duquesne Law Review


The Accelerated Cost Recovery System, as enacted by the Economic Recovery Tax Act of 1981 and amended by the Tax Equity and Fiscal Responsibility Act of 1982, presents taxpayers with several options regarding depreciable property. By using the internal rate of return method of decision analysis, the author sets forth the best elections for a taxpayer with a given marginal tax rate and after tax cost of capital interest by considering the effect of the decision on depreciation deductions, investment credit, tax preference, and depreciation recapture of the taxpayer.

First Page


Included in

Law Commons