​The ACRS Was a 1986 Modification of the Property Classes

question 38

True/False

​The ACRS was a 1986 modification of the property classes and the depreciation rates for accelerated depreciation method; used for assets purchased after 1986 to assist businesses in using depreciation as a tax write-off.

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Definitions:

Criterion-Related Validation

The process of validating how well a test or assessment predicts outcomes based on established criteria.

Past Behavior

Previous actions or conduct of an individual, often analyzed to predict future behavior.

Content Validation

The process of evaluating the relevance and coverage of test items to ensure they accurately measure the desired construct.

Competency Modeling

A process for identifying and categorizing the knowledge, skills, and abilities required for effective performance in a job or organization.