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Which of the following statements about MACRS is false? A. Depreciable assets are assumed to have no residual or salvage value. B. Every depreciable asset

Which of the following statements about MACRS is false? A. Depreciable assets are assumed to have no residual or salvage value. B. Every depreciable asset is assigned to one of ten recovery periods. C. Allowable depreciation methods are based on the assets assigned recovery period. D. None of the above is false.

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