Which of the Following Is Not a Characteristic of MACRS

question 33

Multiple Choice

Which of the following is not a characteristic of MACRS for property other than real estate?

• A) MACRS uses shorter asset lives.
• B) MACRS increases taxable income in the early years of the asset's life.
• C) MACRS accelerates cost recovery.
• D) MACRS ignores salvage value.

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Definitions:

Sales

The exchange of goods or services for money, representing the primary source of revenue for most businesses.

Commission Only

A payment model where compensation is based solely on the amount of sales or transactions generated, with no base salary.

Additional Commission

Extra earnings given to employees or salespersons on top of their standard commission, often based on reaching a specific target or sales goal.

Monthly Salary

Regular payment received by an employee from their employer for work performed, calculated on a monthly basis.