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.

---

Definitions:

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, used in statistical analysis to represent standardized values of a dataset.

Confidence Interval

A span of numerical values, calculated from sample data, speculated to potentially contain the value of an unknown population parameter.

Population Proportion

The portion of a population that possesses a certain property or characteristic.

Drowsiness

A state of feeling abnormally sleepy or tired, often a symptom of a condition or result from certain medications, substances, or health issues.