A company that utilizes the MACRS system of depreciation:

a.

Will have equal depreciation costs each year of an asset's life.

b.

Will have a greater depreciation tax shield in Year 2 than in Year 1.

c.

Can depreciate the cost of land.

d.

Will expense less than the entire cost of an asset.

e.

Will fully depreciate a MACRS 5-year asset within 5 years.