Which One of the Following Statements Is Not True

question 61

Multiple Choice

Which one of the following statements is not true?

• A)Straight-line depreciation may be used instead of MACRS for income tax reporting.
• B)If MACRS is used for tax purposes, it must be used for book purposes.
• C)Salvage value is not considered when the MACRS system is in use.
• D)Economic lives may be different from MACRS lives.

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Definitions:

Synthetic Steps

Sequential chemical reactions conducted to synthesize complex molecules from simpler substances, often outlined in a synthetic pathway or scheme.

Chemical Waste

Unwanted or residual substances produced during chemical manufacturing, research, or use, often hazardous to the environment or health.

Unwanted By-products

Secondary or incidental products generated during a chemical process or reaction that are not the primary target products.