Which Is Not an Allowable Method Under MACRS

question 122

Multiple Choice

Which is not an allowable method under MACRS?

• A)150 percent declining balance
• B)200 percent declining balance
• C)Straight-line
• D)Sum-of-the-years'-digits
• E)All of the choices are allowable methods under MACRS.

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Definitions:

Extraction Cost

All costs associated with extracting a natural resource and readying it for sale.

Quantity of Gold Bars

The total number or weight of gold bars held or transacted.

Renewable Natural Resource

A resource that can replenish itself naturally over time, such as solar energy, wind, and biomass.

Aquifers

Underground layers of water-bearing permeable rock or materials through which groundwater can be extracted using a well.