A company that utilizes the MACRS system of depreciation: a. will have a greater tax shield in year two of a project than it would have if the firm had opted for straight-line depreciation, given the same depreciation life. b. can depreciate the cost of land, if it so desires. c. will expense less than the entire cost of an asset. d. will have equal depreciation costs each year of an asset's life. e. cannot expense any of the cost of a new asset during the first year of the asset's life.