Which of the Following Statements About MACRS Is False

question 19

Multiple Choice

Which of the following statements about MACRS is false?

• A) Depreciable assets are assumed to have no residual or salvage value.
• B) Every depreciable asset is assigned to one of ten recovery periods.
• C) Allowable depreciation methods are based on the assets assigned recovery period.
• D) None of these choices are false.

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