ACRS Definition

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ACRS is Accelarted Cost Recovery System.

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ADA, among others, is Americans with Disabilities Act of 1990.

ADJUNCT ACCOUNT is an account that accumulates either additions or subtractions to another account. Thus the original account may retain its identity. Examples include premiums on bonds payable, which is a contra account to bonds payable; and accumulated depreciation, which is an offset to the fixed asset.

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