The methodology that is used within the current American tax system in order to recover costs for property that is depreciating. It was created through the Tax Reform Act of 1986, and is used overall in order to allow faster depreciation over a long time period.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser