Question $4$

Which of the following is not true regarding MACRS depreciation?

The $\%\text{'}$s in all tables will add up to $100\%$ per asset class.

Assumes asset is purchased halfway through first year.

You do not choose the property class for the asset $-$ it is predetermined based on asset type.

You will depreciate to the ending book value of the asset if it is greater than zero.