The Modified Accelerated Cost Recovery System (MACRS) Is a Depreciation

question 164

Multiple Choice

The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method which

• A) is used for tax purposes.
• B) must be used for financial statement purposes.
• C) is required by the SEC.
• D) expenses an asset over a single year because capital acquisitions must be expensed in the year purchased.

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