Depreciation on Property in the Five-Year MACRS Class Is Claimed

question 90

True/False

Depreciation on property in the five-year MACRS class is claimed over a period of six tax years due to the half-year convention.

---

Definitions:

Organizational Design

The process of structuring and aligning an organization's architecture, including its systems, processes, and positions, to achieve its goals.

Organizational Structures

The systems of roles, responsibilities, and authority within a company, determining how activities and resources are coordinated and managed.

Mission and Objectives

The fundamental purpose and goals that guide an organization, providing a direction for its actions and decision-making processes.

Virtual Organization

An organization that uses mobile IT to engage a shifting network of strategic alliances.