Which of the Following Is True About the MACRS Depreciation

question 54

Multiple Choice

Which of the following is true about the MACRS depreciation system?

• A)No salvage value is used before depreciation percentages are applied to depreciable real estate.
• B)Residential rental buildings are depreciated straight-line over 20 years.
• C)Commercial real estate buildings are depreciated over 39 years using accelerated depreciation.
• D)No matter when equipment is purchased during the month, it is considered to have been purchased mid-month for MACRS depreciation purposes.

---

Definitions:

Spiracles

Openings on the body of some animals, such as insects and some fishes, for breathing.

Fick's Law

A principle in physics and chemistry describing the rate of diffusion of a substance across a space, influenced by the concentration gradient, surface area, and other factors.

Partial Pressure

The pressure exerted by a single type of gas in a mixture of gases, often used in calculations involving gas laws and respiration.

Hemoglobin

Located in red blood cells, this compound is tasked with the transfer of oxygen from the lungs to the body's tissues and the retrieval of carbon dioxide, taking it back to the lungs.