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Discuss the accounting and Tax implications of using the MACRE's accelerated cost recovery election for tax and other depreciation methods for financial accounting and reporting.
Discuss the accounting and Tax implications of using the MACRE's accelerated cost recovery election for tax and other depreciation methods for financial accounting and reporting. Include in the discussion the prospect of recapture on assets disposed before full cost recovery is complete; also include consideration of when the MACRE's straight line may be preferable
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