A Company Which Uses the MACRS System of Depreciation

question 69

Multiple Choice

A company which uses the MACRS system of depreciation:

• A) will have equal depreciation costs each year of an asset's life.
• B) will expense the cost of nonresidential real estate over a period of 7 years.
• C) can depreciate the cost of land, if it so desires.
• D) will write off the entire cost of an asset over the asset's class life.
• E) cannot expense any of the cost of a new asset during the first year of the asset's lifE.

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Definitions:

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