The First and Last Years of MACRS Depreciation Deductions for a 5-Year

question 63

Multiple Choice

The first and last years of MACRS depreciation deductions for a 5-year asset costing $10,000 using the half-year convention are:

• A)$2,000 and $2,000
• B)$2,000 and $1,152
• C)$2,000 and $576
• D)$2,000 and $1,000

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Definitions:

Anhidrosis

The incapacity for normal perspiration, potentially causing the body to overheat.

Sweat

A liquid produced by the body's sweat glands designed to cool the body through evaporation, also known as perspiration.

Dermis

The thick layer of living tissue below the epidermis containing hair follicles, sweat glands, and providing mechanical strength to the skin.

True Skin

Another term for the dermis, the layer of skin located beneath the epidermis, containing nerve endings, sweat glands, and blood vessels.