Within the MACRS System of Depreciation, Most Industrial Equipment Falls

question 3

True/False

Within the MACRS system of depreciation, most industrial equipment falls into the 10-15 year classes.

---

Definitions:

Unrelated Facts

information or data points that do not have a connection or relevance to each other.

Confirmation Error

What occurs when focusing only on information that confirms a decision already made.

Sunk-Cost Fallacy

The misconception that more resources should be dedicated to something because significant resources have already been spent.

Escalation Of Commitment

The phenomenon where people increase their investment in a decision despite new evidence suggesting it may be wrong.