Which One of the Following Statements Is Not True

question 61

Multiple Choice

Which one of the following statements is not true?

• A)Straight-line depreciation may be used instead of MACRS for income tax reporting.
• B)If MACRS is used for tax purposes, it must be used for book purposes.
• C)Salvage value is not considered when the MACRS system is in use.
• D)Economic lives may be different from MACRS lives.

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Definitions:

Self-Control

Self-Control is the ability to manage one's emotions, desires, or actions, especially in difficult situations or to achieve long-term goals.

Assertive Leader

A leadership style characterized by confidence and decisiveness, without being aggressive.

Pushy

Describing someone who is overly assertive or forceful in their behavior or demands, often to the point of being annoying or intrusive.

Passive

Lacking in active response or involvement; accepting or allowing what happens without active response or resistance.