A company that utilizes the MACRS system of depreciation

		can depreciate the acquisition cost of land, if it so desires.
		will have equal depreciation costs each year of an asset's life.
		cannot expense any of the cost of a new asset during the first year of the asset's life.
		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.
		will expense less than the entire cost of an asset over its life.