Match Each Statement with the Correct Term Below

question 98

Multiple Choice

Match each statement with the correct term below.
-MACRS

• A)The depreciation method for real estate.
• B)A term used synonymously with the term depreciation.
• C)The depreciation system for assets placed in service after 1986.
• D)The initial basis of an asset minus the amount of capital recovered.
• E)The term used to describe the amount multiplied by the MACRS percentages to calculate the annual depreciation deduction.
• F)A provision intended to provide relief to small companies by allowing an immediate deduction for purchases of business equipment and by simplifying record keeping.

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Definitions:

Managed Care Organization

A health insurance company that provides healthcare services to its members through a network of doctors, hospitals, and other healthcare providers.

Health Maintenance

Activities and practices aimed at promoting wellness and preventing disease, through regular check-ups and healthy lifestyle choices.

Voluntarily Enrolled

Choosing to participate in a program or study of one's own free will without coercion.

Medicaid

State medical assistance to people with low incomes, based on Title XIX of the Social Security Act. States receive matching federal funds to provide medical care and services to people meeting categorical and income requirements.