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.

---

Definitions:

Dispatching

Allocating resources and beginning the steps to produce a product.

Manufacturing Operations

The activities involved in the production of goods in a factory, including the machinery, personnel, and processes used.

Customer Contact

Customer contact involves any direct interaction between a company and its customers, aimed at improving service, sales, and customer satisfaction.

Capital Intensive

A business that depends greatly upon equipment and capital for its operations.