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Determine whether is even, odd, or neither.
Equipment
Tangible assets used in operations, such as machinery or computers, that have a useful life beyond one accounting period.
MACRS
Modified Accelerated Cost Recovery System, a method of depreciation in the United States that allows businesses to recover investments in certain property through tax deductions over a specified life.
Scrap Value
The estimated value that an asset will realize upon its sale at the end of its useful life; often used in depreciation calculations.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, obsolescence, or other declines in value.
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