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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Definitions:

Dissociative Fugue

A rare psychiatric disorder characterized by reversible amnesia for personal identity, including memories, personality, and other identifying characteristics.

Dissociative Amnesia

A psychological disorder characterized by temporary memory loss that cannot be attributed to normal forgetfulness.

Dissociative Disorders

Mental disorders that involve a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Somatoform Disorders

A group of disorders characterized by physical symptoms that suggest physical illness or injury, but which cannot be fully explained by a medical condition, substance use, or another mental disorder.