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Which of the following statements is true of personal robots?
MACRS Depreciation
MACRS Depreciation refers to the Modified Accelerated Cost Recovery System, a method of depreciation under U.S. tax law that allows for faster recovery of assets' costs over their useful lives.
Percentage Depletion
A tax deduction method applicable to natural resources extraction, calculating the deduction as a percentage of the gross income generated from the resource.
MACRS
The Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes allowing for faster recovery of assets' costs to stimulate investment.
Straight-Line Depreciation
An approach to spreading the expense of a tangible asset across its lifespan in uniform yearly sums.
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