A company which utilizes the MACRS system of depreciation:

A)will expense less than the entire cost of an asset over the asset's class life.

B) cannot expense any of the cost of a new asset during the first year of the asset's life

C) 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

D) can depreciate the cost of land, if it so desires

E) will have equal depreciation costs each year of an asset's life