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The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method that: a) is used for tax purposes b) must be used for financial statement
The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method that:
a) is used for tax purposes
b) must be used for financial statement purposes
c) is required by the SEC
d) is not a real accounting term
***PLEASE EXPLAIN WHY THE ANSWER IS THE ANSWER!
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