Question 31 1 pts A company that utilizes the MACRS system of depreciation: Will have a greater depreciation tax shield in year 2 than in year 1. Will have equal depreciation costs each year of an asset's life. Can depreciate the cost of land. Will expense less than the entire cost of an asset. Will Tully deprecate a MACRS 5 year asset within years. D Question 32 1 pts The operating cash flow for a project should exclude which one of the following? Interest Expense Taxes Variable Costs Depreciation tax shield Fixed Costs