Questions 1 and 2 are general question having to do with depreciation. Q1. Compared to straight line depreciation, the Modified Accelerated Cost Recovery System (MARCS) for depreciation results in a. A lower reported net income in earlier vears and lower cash flow in carlier years. b. A lower reported net income in earlier years and higher cash flow in carlier et c. A higher reported net income in earlier years and higher cash flow in carlielr y d. A higher reported net income in earlier years and lower cash flow in ear Q2. using MARCS, Compared to capitalizing the cost of equipment and depreciating it expensing the equipment results in and higher cash flow in year 1. a. A lower b. A lower reported net income in year 1 and lo c. A higher reported d. A higher r er reported net income in year 1 net income in year 1 and higher cash flow in year 1. reported net income in year 1 and lower cash flow in year 1