A company that opts to forego bonus depreciation and instead uses the MACRS system of depreciation: Multiple Choice will have equal depreciation costs for each year of an asset's life. will expense the largest percentage of the cost during an asset's first year of life. can depreciate the cost of land, if it so desires. o ooo will write off the entire cost of an asset over the asset's class life. cannot expense any of the cost of a new asset during the first year of the asset's life