MACRS Does Not Use Salvage Value

question 91

True/False

MACRS does not use salvage value. As a result, if a 7-year MACRS asset is held for 10 years, its adjusted basis will be zero.

---

Definitions:

VLAN Number

A numerical identifier used to segment a computer network into virtual, rather than physical, LANs for improved security and management.

Networked Printer

A printer connected to a computer network that allows multiple users and devices to print documents from different computers on the same network.

OSHA

A division of the U.S. Department of Labor that promotes safe and healthy working conditions by enforcing standards and providing workplace safety training.

Workplace Safety

Workplace Safety refers to the management of all operations and events within a work environment to protect employees and assets by minimizing hazards, risks, accidents, and near misses.