Asset Depreciation Range

(ADR)
The range of depreciable lives allowed by the Internal Revenue Service for a specified depreciable asset. The ADR system applies to assets placed in service after 1970 and before 1980, at which time the ADR system was replaced by the Accelerated Cost Recovery System (ACRS). However, the ADR system has been revived under The Tax Reform Act of 1986 and is now used to assign class lives to assets depreciated under Modified Accelerated Cost Recovery System (MACRS).

Black's law dictionary. . 1990.

Look at other dictionaries:

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