Indicate whether each of the following statements is true or false.

a$)$ MACRS is an accelerated depreciation method commonly used for tax purposes.

b$)$ The half$-$year convention is a semiannual meeting of accountants and educators.

c$)$ MACRS requires that the taxpayer estimate the salvage value of assets.

d$)$ The use of MACRS provides tax benefits in the early years of an asset's life, compared to use of the straight$-$line method.

e$)$ Most companies use the same depreciation method for both financial reporting and tax reporting.