Glossary of Equipment Leasing Terminology
Accelerated Cost Recovery System (ACRS): The depreciation schedule of the Economic Recovery Tax Act of 1981 (ERTA), modified by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), that allows accelerated write offs of plant and equipment classified as 3, 5, or 10 years property. The accelerated cost recovery system (ACRS) replaced the asset depreciation range (ADR) system.
Whether you need a Capital Lease, Operating Lease, Equipment Loan or Working Capital Loan, TechEFI can structure the right product for your specific needs. Let TechEFI help your company reduce your carbon footprint with GreenLease®. These flexible finance programs will help you maximize your ROI while doing the responsible thing for the environment.
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The Accrú® Consumable Rebate System will credit up to 25% of your qualified consumable purchases via monthly rebates. Rebates may be used to payoff your current equipment lease or used as a down payment on future equipment leases. Whether you are an end user customer or an equipment vendor, this program has valuable benefits. To learn more about Accru' - click here to contact us and a speak with a TechEFI Finance Specialist.
* The Accru' program is in Beta Market Test and is scheduled for launch later this year.