Self-employed taxpayers should be aware of changes in laws concerning accelerated cost recovery systems.

Whether petitioners are entitled to deduct depreciation claimed under the accelerated cost recovery system for the year in issue.

ERTA81 set up the "accelerated cost recovery system," or ACRS.

"There's something momentous today on America's mind: the accelerated cost recovery system," Mr. Zelinsky told a rump group of students in his federal income taxation class.