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Which of the following statements is false? a. MACRS depreciation ratesare higher than straight line depreciation rates for each year. b. Depreciation is the allocation

  1. Which of the following statements is false?
  2. a. MACRS depreciation ratesare higher than straight line depreciation rates for each year.
  3. b. Depreciation is the allocation of the asset's cost over time.
  4. c. MACRS is an accelerated depreciation method method.
  5. d. Assets are assumed to be purchased mid-year using the MACRS depreciation rules.

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