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Which one of the following is true about Modified Accelerated Cost Recovery System (MACRS)? A. A building is depreciated using 200 percent declining balance depreciation.
Which one of the following is true about Modified Accelerated Cost Recovery System (MACRS)? A. A building is depreciated using 200 percent declining balance depreciation. B. Buildings and autos both have the same depreciation life. C. A light duty business truck is depreciated using accelerated depreciation. D. All of these choices are false.
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