search query: @author Swenson, C. W. / total: 4
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| Author: | Swenson, C. W. |
| Title: | An analysis of ACRS during inflationary periods. |
| Journal: | Accounting Review
1987 : JAN, VOL. 62:1, p. 117-136 |
| Index terms: | INFLATION ACCOUNTING REPLACEMENT COSTS DEPRECIATION ACCOUNTING |
| Language: | eng |
| Abstract: | The author discusses equity aspects of the Accelerated Cost Recovery System (ACRS),which was added to the United States tax laws in 1981.A Monte Carlo simulation was used. ACRS depreciation is found to be equal to general level of adjusted (GPL) depreciation only at inflation rates between of about nine and 13 per cent. In the author's opinion the post-1980 law is nonneutral in inflationary periods.In conclusion , both the nonneutratility and horizontal inequity cause contraction of the economic efficiency and a dead loss to the economy. |
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