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Match the following:
-Distal
MACRS Depreciation
The Modified Accelerated Cost Recovery System is a method of depreciation for tax purposes in the United States, allowing for faster depreciation of assets in the early years.
Double-Declining-Balance
A method of accelerated depreciation which computes depreciation at twice the straight-line rate, applied to a decreasing book value each year.
Footnote Disclosure
Additional information provided at the bottom of financial statements, explaining the numbers or policies above.
Cumulative Effect Change
The aggregate change in a company's earnings resulting from a change in accounting principle, reported in the period in which the change is made.
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