Question
Which one of these statements related to MACRS depreciation is correct? Multiple Choice A)The MACRS system of depreciation was eliminated by the IRS in 2012.
Which one of these statements related to MACRS depreciation is correct?
Multiple Choice
A)The MACRS system of depreciation was eliminated by the IRS in 2012.
B)The MACRS percentages in the IRS tables are applied annually to the then current book value of an asset.
C)An asset will be depreciated faster using MACRS rather than the straight-line method.
D)All newly acquired property is considered to be placed in service at the start of the year for MACRS purposes.
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An asset classified as 3-year MACRS property will be fully depreciated at the end of Year 3.
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Finance A Quantitative Introduction
Authors: Nico Van Der Wijst
1st Edition
1107029228, 978-1107029224
