Which One of These Statements Related to MACRS Depreciation Is

question 8

Multiple Choice

Which one of these statements related to MACRS depreciation is correct?

• A)The MACRS percentages in the IRS tables are applied annually to the then current book value of an asset.
• B)The MACRS system of depreciation was eliminated by the IRS in 2012.
• C)An asset will be depreciated faster using MACRS rather than the straight-line method.
• D)An asset classified as 3-year MACRS property will be fully depreciated at the end of Year 3.
• E)All newly acquired property is considered to be placed in service at the start of the year for MACRS purposes.

---

Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often leading to prejudice and discrimination.

Hierarchical Approach

A structured organizational method where decisions and processes flow from top-level management down through various levels of authority.

Problem-Solving Argument

A method of resolving disagreements or issues through logical reasoning and evidence-based analysis to reach a mutually acceptable solution.

Ethnocentric Practices

Ethnocentric practices involve evaluating other cultures according to the standards of one's own culture, often leading to prejudice and discrimination.