A Major Objective of MACRS Is To

question 53

Multiple Choice

A major objective of MACRS is to:

• A)Reduce the amount of the cost recovery deduction on businesses tax returns.
• B)Ensure that the amount of cost recovery for tax purposes will be the same as book depreciation.
• C)Help companies achieve a faster write-off of their capital assets.
• D)Require companies to use the actual economic lives of assets in calculating cost recovery for tax purposes.
• E)All of these are major objectives.