Question
Which of the following are key provisions of MACRS tax depreciation? -Half-year convention is used -Salvage value is ignored -Taxpayers may choose to use MACRS
Which of the following are key provisions of MACRS tax depreciation?
-Half-year convention is used
-Salvage value is ignored
-Taxpayers may choose to use MACRS straight-line instead of regular MACRS
-MACRS depreciation is a double declining balance method with a crossover to straight-line in when more beneficial
-Each asset is assigned to a class life
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
26th edition
128574361X, 978-1305446052, 1305446054, 978-1285743615
